$6,353 Closing Credit*
$535,000
2,502 SqFt
4 Beds
•1 Full Bath, 1 Partial
#1074902, Marissa V Ortega, Listing Office: EXP Realty LLC
Is Cedar Crest, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cedar Crest was a Seller's Market.
Key Takeaway
Cedar Crest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cedar Crest, NM
How much do homes in Cedar Crest, NM cost?
Median Sold Price
$455,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.2%)
Key Takeaway
Homes in Cedar Crest have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Cedar Crest was $455,000 in November 2024, up 2.2% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $303.5K | N/A |
| 2 Bedrooms | $324.5K | $167.5K | -48.4% |
| 3 Bedrooms | $445K | $490K | +10.1% |
| 4 Bedrooms | $589.9K | $599K | +1.5% |
| 5+ Bedrooms | - | $447K | N/A |
Summary: Cedar Crest 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 48.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tijeras | $412.5K | $495K | +20.0% |
| East Bernalillo | $428.2K | $490K | +14.4% |
| Cedar Crest | $445K | $455K | +2.2% |
| Sandia Park | $586K | $541K | -7.7% |
Housing Supply in Cedar Crest, NM
How many homes are available in Cedar Crest, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Summary: The Cedar Crest real estate market had 9 homes for sale in November 2024, a 47.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Crest 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 decreased by 100%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Crest, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Cedar Crest in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Crest, NM
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Crest are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Cedar Crest; 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. 
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.