Is 87105, 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, 87105 has remained a Seller's Market.
Housing Prices in 87105, NM
How much do homes in 87105, NM cost?
Median Sold Price
$273,650
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 87105 was $273,650 in April 2024, up 6.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $175K | +16.7% |
2 Bedrooms | $200K | $205K | +2.5% |
3 Bedrooms | $259.8K | $285K | +9.7% |
4 Bedrooms | $303K | $300K | -1.0% |
5+ Bedrooms | $380K | $416K | +9.5% |
Summary: 87105 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 87105, NM
How many homes are available in 87105, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
115 | 103 | -10.4% |
Summary: The 87105 real estate market had 103 homes for sale in April 2024, a 10.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 26 | 19 | -26.9% |
3 Bedrooms | 54 | 50 | -7.4% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 87105 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 26.9%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 26 | -21.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 87105 in April 2024, down by 21.2% month-over-month. Of the 26 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% were sold over asking.
Days on Market for 87105, NM
How long does it take to sell a home in 87105, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 52 Days | +90.3% |
Summary: Homes in 87105 had an average of 52 days on market in Apr 2024, up by 90.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 87105; 58% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.