Is North Hills, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, North Hills was a Neutral Market.
Housing Prices in North Hills, NM
How much do homes in North Hills, NM cost?
Median Sold Price
$975,000
$520/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Hills was $975,000 in April 2024, down 0.4% from last year, and the median price per square foot was $520.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $667K | $690K | +3.4% |
2 Bedrooms | $695K | $715K | +2.9% |
3 Bedrooms | $1.1M | $1.2M | +3.0% |
4 Bedrooms | $1.7M | $1.7M | -1.5% |
5+ Bedrooms | - | $2.0M | N/A |
Summary: North Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes did not change.
Housing Supply in North Hills, NM
How many homes are available in North Hills, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 64 | +14.3% |
Summary: The North Hills real estate market had 64 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 19 | 23 | +21.1% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The North Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in North Hills in April 2024, up by 71.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for North Hills, NM
How long does it take to sell a home in North Hills, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 61 Days | +18.3% |
Summary: Homes in North Hills had an average of 61 days on market in Apr 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in North Hills; 58% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.