$6,650 Closing Credit*
$560,000
1,811 SqFt
2 Beds
•1 Full Bath
John C Foster, Listing Office: Realty One of New Mexico
Is High Desert, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, High Desert has remained a Seller's Market.
Key Takeaway
High Desert is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in High Desert, NM
How much do homes in High Desert, NM cost?
Median Sold Price
$695,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$27,500(-3.8%)
Key Takeaway
Homes in High Desert have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in High Desert was $695,000 in August 2024, down 3.8% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | $455K | -7.1% |
| 3 Bedrooms | $650K | $661.3K | +1.7% |
| 4 Bedrooms | $888K | $938.8K | +5.7% |
| 5+ Bedrooms | $1.8M | $865K | -52.9% |
Summary: High Desert housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 52.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast Albuquerque | $339.4K | $355.4K | +4.7% |
| High Desert | $722.5K | $695K | -3.8% |
Housing Supply in High Desert, NM
How many homes are available in High Desert, NM?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Summary: The High Desert real estate market had 27 homes for sale in August 2024, a 12.9% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The High Desert housing inventory by bedroom type for August 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 17.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in High Desert, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in High Desert in August 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for High Desert, NM
How long does it take to sell a home in High Desert, NM?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 20 Days | 2 Days | -87.6% |
Summary: Homes in High Desert had an average of 2 days on market in Aug 2024, down by 87.6% compared to last year.
Breakdown of Home Sale Times
8 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 High Desert are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 8 homes were sold in High Desert; 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.