$3,384 Closing Credit*
$285,000
2,511 SqFt
2 Beds
•1 Bath
Veronica A Gonzales, Listing Office: Keller Williams Realty
Is La Mesa, 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, La Mesa has remained a Buyer's Market.
Key Takeaway
La Mesa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in La Mesa, NM
How much do homes in La Mesa, NM cost?
Median Sold Price
$244,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,000(+1.7%)
Key Takeaway
Homes in La Mesa have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in La Mesa was $244,000 in October 2024, up 1.7% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $306.2K | $287K | -6.3% |
| 2 Bedrooms | $220K | $229.5K | +4.3% |
| 3 Bedrooms | $246.5K | $243K | -1.4% |
| 4 Bedrooms | $252K | $306K | +21.4% |
| 5+ Bedrooms | $265K | $335K | +26.4% |
Summary: La Mesa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Neighborhoods
| South Los Altos | $235K | $250K | +6.4% |
| Northeast Albuquerque | $340.2K | $361.1K | +6.1% |
| La Mesa | $240K | $244K | +1.7% |
Housing Supply in La Mesa, NM
How many homes are available in La Mesa, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The La Mesa real estate market had 31 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The La Mesa 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 decreased by 12.5%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in La Mesa, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in La Mesa in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for La Mesa, NM
How long does it take to sell a home in La Mesa, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 2 Days | -77.3% |
Summary: Homes in La Mesa had an average of 2 days on market in Oct 2024, down by 77.3% compared to last year.
Breakdown of Home Sale Times
2 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 La Mesa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in La Mesa; 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.