Is East 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, East Bernalillo has remained a Seller's Market.
Housing Prices in East Bernalillo, NM
How much do homes in East Bernalillo, NM cost?
Median Sold Price
$452,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Bernalillo was $452,500 in April 2024, up 7.5% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $235K | +4.4% |
2 Bedrooms | $305K | $317.3K | +4.0% |
3 Bedrooms | $405K | $417K | +3.0% |
4 Bedrooms | $551.5K | $600K | +8.8% |
5+ Bedrooms | $695K | $613K | -11.8% |
Summary: East Bernalillo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Cities
Tijeras | $418.7K | $465K | +11.0% |
East Bernalillo | $420.9K | $452.5K | +7.5% |
Edgewood | $400K | $419.3K | +4.8% |
Sandia Park | $550K | $539.5K | -1.9% |
Housing Supply in East Bernalillo, NM
How many homes are available in East Bernalillo, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 80 | -3.6% |
Summary: The East Bernalillo real estate market had 80 homes for sale in April 2024, a 3.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 5 | -37.5% |
3 Bedrooms | 41 | 43 | +4.9% |
4 Bedrooms | 20 | 17 | -15.0% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The East 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 decreased by 37.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 17 homes were sold or pending in East Bernalillo in April 2024, the same as the previous month. Of the 17 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% were sold over asking.
Days on Market for East Bernalillo, NM
How long does it take to sell a home in East Bernalillo, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 33 Days | +78.0% |
Summary: Homes in East Bernalillo had an average of 33 days on market in Apr 2024, up by 78% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in East Bernalillo; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.