Is 87544, 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, 87544 has remained a Seller's Market.
Housing Prices in 87544, NM
How much do homes in 87544, NM cost?
Median Sold Price
$595,191
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 87544 was $595,191 in May 2024, up 19.2% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177.5K | $313.2K | +76.5% |
2 Bedrooms | $335.5K | $404K | +20.4% |
3 Bedrooms | $480K | $539.5K | +12.4% |
4 Bedrooms | $629K | $715K | +13.7% |
5+ Bedrooms | $660.1K | $750.5K | +13.7% |
Summary: 87544 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.5%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 13.7%.
Housing Supply in 87544, NM
How many homes are available in 87544, NM?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 67 | +1.5% |
Summary: The 87544 real estate market had 67 homes for sale in May 2024, a 1.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 26 | 23 | -11.5% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 87544 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 decreased by 12.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 87544 in May 2024, down by 8.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.
Days on Market for 87544, NM
How long does it take to sell a home in 87544, NM?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 10 Days | +17.0% |
Summary: Homes in 87544 had an average of 10 days on market in May 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in 87544; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.