$10,000 Closing Credit*
$1,180,000
4,528 SqFt
6 Beds
•4 Full Baths, 1 Partial
Katherine Blagden, Jackson Blagden, Listing Office: Sotheby's Int. RE/Washington
Housing Prices in 87701, NM
How much do homes in 87701, NM cost?
Median List Price
$250,000
$172/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$60,750(+32.1%)
Key Takeaway
The list price of homes in 87701 has increased by 32.1% since last year.
Summary: The median home list price in 87701 was $250,000 in October 2024, up 32.1% from the previous year, and the median price per square foot was $172.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | $372K | +96.8% |
| 2 Bedrooms | $175K | $199K | +13.7% |
| 3 Bedrooms | $197.5K | $267.5K | +35.4% |
| 4 Bedrooms | $247K | $408K | +65.2% |
| 5+ Bedrooms | $284.5K | $1.1M | +314.8% |
Summary: 87701 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.8%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 35.4%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes increased by 314.8%.
Housing Supply in 87701, NM
How many homes are available in 87701, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The 87701 real estate market had 10 homes for sale in October 2024, a 23.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 87701 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 remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 50%.
Days on Market for 87701, NM
How long does it take to sell a home in 87701, NM?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 220 Days | 133 Days | -39.3% |
Summary: Homes in 87701 had an average listing age of 133 days in Oct 2024, down by 39.3% compared to the previous year.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 
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. 
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site 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. 