Housing Prices in 87538, NM

How much do homes in 87538, NM cost?

Median List Price

$499,999

$257/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

-$99,001(-16.5%)

Key Takeaway

The list price of homes in 87538 has decreased by 16.5% since last year.

Summary: The median home list price in 87538 was $499,999 in November 2024, down 16.5% from the previous year, and the median price per square foot was $257.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $998.5K$475K
-52.4%
3 $597K$547.4K
-8.3%
4 --
N/A
5+ --
N/A

Summary: 87538 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.4%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

87560
+43.9%
87535
+9.4%
87562
+2.2%
87565
0.0%
87538
-16.5%

Housing Supply in 87538, NM

How many homes are available in 87538, NM?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
220.0%

Summary: The 87538 real estate market had 2 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 87538 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 87538, NM

How long does it take to sell a home in 87538, NM?

Average Listing Age

Nov 2023Nov 2024CHANGE
136 Days300 Days+119.8%

Summary: Homes in 87538 had an average listing age of 300 days in Nov 2024, up by 119.8% compared to the previous year.

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

Report Updated 17 Days Ago

Newest Listings in 87538, NM

Nearby Markets to 87538, NM