Is 87010, NM a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 87010 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 87010 has remained a Buyer's Market.

Key Takeaway

87010 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 87010, NM

How much do homes in 87010, NM cost?

Median Sold Price

$365,000

$191/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$146,000(-28.6%)

Key Takeaway

Homes in 87010 have sold for 28.6% less than they did a month ago.

Summary: The median home sold price in 87010 was $365,000 in December 2024, down 28.6% from last month, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $511K-
N/A
3 --
N/A
4 -$365K
N/A
5+ --
N/A

Summary: 87010 housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 87010, NM

How many homes are available in 87010, NM?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1615-6.3%

Summary: The 87010 real estate market had 15 homes for sale in December 2024, a 6.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 64
-33.3%
3 77
0.0%
4 11
0.0%
5+ 12
+100.0%

Summary: The 87010 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 87010, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 87010 in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 87010, NM

How long does it take to sell a home in 87010, NM?

Average Sale Time

Nov 2024Dec 2024CHANGE
80 Days186 Days+132.5%

Summary: Homes in 87010 had an average of 186 days on market in Dec 2024, up by 132.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 87010 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 1 homes were sold in 87010; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in 87010, NM

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