Is Volcano Cliffs, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Volcano Cliffs has remained a Neutral Market.
Housing Prices in Volcano Cliffs, NM
How much do homes in Volcano Cliffs, NM cost?
Median Sold Price
$640,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Volcano Cliffs was $640,000 in May 2024, up 6.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $552K | $535.7K | -2.9% |
4 Bedrooms | $600K | $645K | +7.5% |
5+ Bedrooms | $689.5K | $763K | +10.7% |
Summary: Volcano Cliffs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Neighborhoods
Petroglyph Estates | $745K | $809.9K | +8.7% |
Northwest Albuquerque | $334.6K | $357.9K | +7.0% |
Volcano Cliffs | $600K | $640K | +6.7% |
Taylor Ranch | $335K | $350K | +4.5% |
Housing Supply in Volcano Cliffs, NM
How many homes are available in Volcano Cliffs, NM?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Summary: The Volcano Cliffs real estate market had 21 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Volcano Cliffs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Volcano Cliffs in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Volcano Cliffs, NM
How long does it take to sell a home in Volcano Cliffs, NM?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 39 Days | +19.2% |
Summary: Homes in Volcano Cliffs had an average of 39 days on market in May 2024, up by 19.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Volcano Cliffs; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.