$95,000
0.13 Acres
Land
#1075084, Venturi Realty Group, Listing Office: Real Broker
Is 87105, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 87105 has remained a Seller's Market.
Key Takeaway
87105 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 87105, NM
How much do homes in 87105, NM cost?
Median Sold Price
$279,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,500(-1.2%)
Key Takeaway
Homes in 87105 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 87105 was $279,000 in November 2024, down 1.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $180K | -18.2% |
| 2 Bedrooms | $205K | $220K | +7.3% |
| 3 Bedrooms | $282.5K | $286.5K | +1.4% |
| 4 Bedrooms | $319K | $355K | +11.3% |
| 5+ Bedrooms | $365K | $383.9K | +5.2% |
Summary: 87105 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in 87105, NM
How many homes are available in 87105, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 142 | 115 | -19.0% |
Summary: The 87105 real estate market had 115 homes for sale in November 2024, a 19.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 27 | 22 | -18.5% |
| 3 Bedrooms | 74 | 64 | -13.5% |
| 4 Bedrooms | 31 | 25 | -19.4% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The 87105 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 25 | -35.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 87105, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 87105 in November 2024, down by 35.9% month-over-month. Of the 25 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for 87105, NM
How long does it take to sell a home in 87105, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 27 Days | -10.6% |
Summary: Homes in 87105 had an average of 27 days on market in Nov 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 87105 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in 87105; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% 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.