Is Bernalillo, 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, Bernalillo has remained a Seller's Market.
Key Takeaway
Bernalillo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bernalillo, NM
How much do homes in Bernalillo, NM cost?
Median Sold Price
$371,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Bernalillo has remained the same since last year.
Summary: The median home sold price in Bernalillo was $371,500 in April 2024, up 0.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231K | $53K | -77.1% |
| 2 Bedrooms | $345K | $387.5K | +12.3% |
| 3 Bedrooms | $350.7K | $365K | +4.1% |
| 4 Bedrooms | $452K | $475.5K | +5.2% |
| 5+ Bedrooms | $2.1M | $350K | -83.3% |
Summary: Bernalillo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.1%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 83.3%.
Median Sold Price Compared To Nearby Cities
| Placitas | $635K | $676.5K | +6.5% |
| Rio Rancho | $339.7K | $352.1K | +3.7% |
| Bernalillo | $370K | $371.5K | 0.4% |
Housing Supply in Bernalillo, NM
How many homes are available in Bernalillo, NM?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The Bernalillo real estate market had 29 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bernalillo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bernalillo, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Bernalillo in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Bernalillo, NM
How long does it take to sell a home in Bernalillo, NM?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 32 Days | +794.4% |
Summary: Homes in Bernalillo had an average of 32 days on market in Apr 2024, up by 794.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bernalillo are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Bernalillo; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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.