Housing Prices in 87571, NM

How much do homes in 87571, NM cost?

Median List Price

$650,000

$390/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$31,000(+5.0%)

Key Takeaway

The list price of homes in 87571 has increased by 5% since last year.

Summary: The median home list price in 87571 was $650,000 in October 2024, up 5% from the previous year, and the median price per square foot was $390.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $495K$575K
+16.2%
2 $424.5K$630K
+48.4%
3 $775K$725K
-6.5%
4 $1.1M$700K
-37.8%
5+ $3.3M$1.8M
-44.8%

Summary: 87571 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 48.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 37.8%, and 5+ bedroom homes decreased by 44.8%.

Housing Supply in 87571, NM

How many homes are available in 87571, NM?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118-27.3%

Summary: The 87571 real estate market had 8 homes for sale in October 2024, a 27.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 33
0.0%
4 22
0.0%
5+ 32
-33.3%

Summary: The 87571 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Days on Market for 87571, NM

How long does it take to sell a home in 87571, NM?

Average Listing Age

Oct 2023Oct 2024CHANGE
94 Days116 Days+24.2%

Summary: Homes in 87571 had an average listing age of 116 days in Oct 2024, up by 24.2% compared to the previous year.

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

Report Updated 13 Days Ago

Newest Listings in 87571, NM

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