Is Placitas, 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, Placitas was a Seller's Market.
Housing Prices in Placitas, NM
How much do homes in Placitas, NM cost?
Median Sold Price
$676,500
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Placitas was $676,500 in April 2024, up 6.5% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232K | $226K | -2.6% |
2 Bedrooms | $456K | $485K | +6.4% |
3 Bedrooms | $650K | $681K | +4.8% |
4 Bedrooms | $715K | $765K | +7.0% |
5+ Bedrooms | $863K | $1.8M | +119.9% |
Summary: Placitas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 119.9%.
Median Sold Price Compared To Nearby Cities
Placitas | $635K | $676.5K | +6.5% |
Bernalillo | $370K | $371.5K | 0.4% |
Sandia Park | $550K | $539.5K | -1.9% |
Housing Supply in Placitas, NM
How many homes are available in Placitas, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 44 | -8.3% |
Summary: The Placitas real estate market had 44 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 29 | 30 | +3.4% |
4 Bedrooms | 14 | 9 | -35.7% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Placitas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Placitas in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Placitas, NM
How long does it take to sell a home in Placitas, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 19 Days | -16.5% |
Summary: Homes in Placitas had an average of 19 days on market in Apr 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Placitas; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.