Is Bernalillo County, 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 County has remained a Seller's Market.
Housing Prices in Bernalillo County, NM
How much do homes in Bernalillo County, NM cost?
Median Sold Price
$340,070
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bernalillo County was $340,070 in April 2024, up 6.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $188K | $200K | +6.4% |
2 Bedrooms | $245K | $269.9K | +10.2% |
3 Bedrooms | $305.1K | $321.6K | +5.4% |
4 Bedrooms | $400.6K | $421.2K | +5.1% |
5+ Bedrooms | $490K | $575K | +17.3% |
Summary: Bernalillo County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Counties
Torrance County | $188.5K | $233.1K | +23.7% |
Bernalillo County | $319.9K | $340K | +6.3% |
Sandoval County | $350K | $370.2K | +5.8% |
Santa Fe County | $574.9K | $595.5K | +3.6% |
Valencia County | $284.9K | $295K | +3.5% |
Housing Supply in Bernalillo County, NM
How many homes are available in Bernalillo County, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,143 | 2,055 | -4.1% |
Summary: The Bernalillo County real estate market had 2,055 homes for sale in April 2024, a 4.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 64 | 68 | +6.3% |
2 Bedrooms | 319 | 290 | -9.1% |
3 Bedrooms | 1,046 | 1,001 | -4.3% |
4 Bedrooms | 575 | 552 | -4.0% |
5+ Bedrooms | 139 | 144 | +3.6% |
Summary: The Bernalillo County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
522 | 576 | +10.3% |
Asking Price vs. Sold Price
244 Homes Were Sold
Under Asking
160 Homes Were Sold
At Asking
172 Homes Were Sold
Over Asking
Summary: A total of 576 homes were sold or pending in Bernalillo County in April 2024, up by 10.3% month-over-month. Of the 576 sold homes, 42% were sold under asking, 28% were sold at asking, and 30% were sold over asking.
Days on Market for Bernalillo County, NM
How long does it take to sell a home in Bernalillo County, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 27 Days | +41.9% |
Summary: Homes in Bernalillo County had an average of 27 days on market in Apr 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
419 Homes Were Sold
Under 30 Days
101 Homes Were Sold
In 30 - 90 Days
56 Homes Were Sold
Over 90 Days
Summary: During April 2024, 576 homes were sold in Bernalillo County; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.