Is Taylor Ranch, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Taylor Ranch has remained a Seller's Market.
Key Takeaway
Taylor Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taylor Ranch, NM
How much do homes in Taylor Ranch, NM cost?
Median Sold Price
$348,166
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Taylor Ranch have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Taylor Ranch was $348,166 in April 2024, up 3.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $260K | +2.0% |
| 3 Bedrooms | $320K | $335K | +4.7% |
| 4 Bedrooms | $395.7K | $443K | +11.9% |
| 5+ Bedrooms | $491.5K | $440K | -10.5% |
Summary: Taylor Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest Albuquerque | $336.4K | $354.9K | +5.5% |
| Taylor Ranch | $335K | $348.1K | +3.9% |
Housing Supply in Taylor Ranch, NM
How many homes are available in Taylor Ranch, NM?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 84 | -7.7% |
Summary: The Taylor Ranch real estate market had 84 homes for sale in April 2024, a 7.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 50 | 49 | -2.0% |
| 4 Bedrooms | 29 | 25 | -13.8% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Taylor Ranch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 31 | +40.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Taylor Ranch, expect to pay close to the asking price. 38.7% of homes here sold near the asking price last month.
Summary: A total of 31 homes were sold or pending in Taylor Ranch in April 2024, up by 40.9% month-over-month. Of the 31 sold homes, 23% were sold under asking, 39% were sold at asking, and 39% were sold over asking.
Days on Market for Taylor Ranch, NM
How long does it take to sell a home in Taylor Ranch, NM?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 14 Days | +28.3% |
Summary: Homes in Taylor Ranch had an average of 14 days on market in Apr 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Taylor Ranch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Taylor Ranch; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.