Is Los Ranchos de Albuquerque, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Los Ranchos de Albuquerque was a Neutral Market.
Key Takeaway
Los Ranchos de Albuquerque is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Ranchos de Albuquerque, NM
How much do homes in Los Ranchos de Albuquerque, NM cost?
Median Sold Price
$1,006,750
$262/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Los Ranchos de Albuquerque have sold for 224.8% more than they did a month ago.
Summary: The median home sold price in Los Ranchos de Albuquerque was $1,006,750 in April 2024, up 224.8% from last month, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | - | N/A |
| 3 Bedrooms | $280K | $1.1M | +292.9% |
| 4 Bedrooms | $1.0M | $913.5K | -13.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Los Ranchos de Albuquerque housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 292.9%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes did not change.
Housing Supply in Los Ranchos de Albuquerque, NM
How many homes are available in Los Ranchos de Albuquerque, NM?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Los Ranchos de Albuquerque real estate market had 21 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Los Ranchos de Albuquerque 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 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Ranchos de Albuquerque, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Los Ranchos de Albuquerque in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Los Ranchos de Albuquerque, NM
How long does it take to sell a home in Los Ranchos de Albuquerque, NM?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 89 Days | +94.9% |
Summary: Homes in Los Ranchos de Albuquerque had an average of 89 days on market in Apr 2024, up by 94.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Los Ranchos de Albuquerque are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Los Ranchos de Albuquerque; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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.