$26,530
28.62 Acres
Land
#1075515, Jared Andrew English, Listing Office: Congress Realty, Inc
Is Belen, 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, Belen has remained a Seller's Market.
Key Takeaway
Belen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belen, NM
How much do homes in Belen, NM cost?
Median Sold Price
$278,400
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,500(+8.4%)
Key Takeaway
Homes in Belen have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Belen was $278,400 in November 2024, up 8.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94K | $350K | +272.3% |
| 2 Bedrooms | $190K | $170K | -10.5% |
| 3 Bedrooms | $259.9K | $275.9K | +6.1% |
| 4 Bedrooms | $315K | $314.9K | 0% |
| 5+ Bedrooms | $338.9K | $341K | +0.6% |
Summary: Belen housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 272.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.6%.
Housing Supply in Belen, NM
How many homes are available in Belen, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 67 | -20.2% |
Summary: The Belen real estate market had 67 homes for sale in November 2024, a 20.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 56 | 45 | -19.6% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Belen housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.6%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belen, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Belen in November 2024, down by 7.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 46% were sold at asking, and 0% were sold over asking.
Days on Market for Belen, NM
How long does it take to sell a home in Belen, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 65 Days | +56.2% |
Summary: Homes in Belen had an average of 65 days on market in Nov 2024, up by 56.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Belen has remained consistent over time.
Summary: During November 2024, 13 homes were sold in Belen; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% 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.