Housing Prices in 87020, NM

How much do homes in 87020, NM cost?

Median List Price

$218,000

$117/sqft

Based on all homes listed in the last 12 months.

Difference Since December 2023

+$78,050(+55.8%)

Key Takeaway

The list price of homes in 87020 has increased by 55.8% since last year.

Summary: The median home list price in 87020 was $218,000 in December 2024, up 55.8% from the previous year, and the median price per square foot was $117.

Median List Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $230K$230K
0.0%
2 $140K$417.5K
+198.2%
3 $84.9K$199K
+134.4%
4 $147.7K$304.9K
+106.4%
5+ $154.9K-
N/A

Summary: 87020 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 198.2%, 3 bedroom homes increased by 134.4%, 4 bedroom homes increased by 106.4%, and 5+ bedroom homes did not change.

Housing Supply in 87020, NM

How many homes are available in 87020, NM?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
990.0%

Summary: The 87020 real estate market had 9 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 76
-14.3%
4 22
0.0%
5+ 00
0.0%

Summary: The 87020 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 increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 87020, NM

How long does it take to sell a home in 87020, NM?

Average Listing Age

Dec 2023Dec 2024CHANGE
197 Days122 Days-37.7%

Summary: Homes in 87020 had an average listing age of 122 days in Dec 2024, down by 37.7% compared to the previous year.

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

Report Updated 2 Days Ago

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