$200,000
1.13 Acres
Land
Alonzo Baldonado, Listing Office: Re/Max Gallery
Is Bosque Farms, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bosque Farms has remained a Seller's Market.
Key Takeaway
Bosque Farms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bosque Farms, NM
How much do homes in Bosque Farms, NM cost?
Median Sold Price
$425,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,000(-5.6%)
Key Takeaway
Homes in Bosque Farms have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Bosque Farms was $425,000 in October 2024, down 5.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $510K | - | N/A |
| 3 Bedrooms | $350K | $425K | +21.4% |
| 4 Bedrooms | $487.5K | $395K | -19.0% |
| 5+ Bedrooms | $575K | $470K | -18.3% |
Summary: Bosque Farms housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Bosque Farms | $450K | $425K | -5.6% |
| Bosque Farms | $450K | $425K | -5.6% |
Housing Supply in Bosque Farms, NM
How many homes are available in Bosque Farms, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Bosque Farms real estate market had 13 homes for sale in October 2024, a 7.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bosque Farms 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 remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bosque Farms, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Bosque Farms in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Bosque Farms, NM
How long does it take to sell a home in Bosque Farms, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 3 Days | -72.7% |
Summary: Homes in Bosque Farms had an average of 3 days on market in Oct 2024, down by 72.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bosque Farms are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Bosque Farms; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.