$3,383 Closing Credit*
$284,900
1,150 SqFt
3 Beds
•2 Full Baths
#1075358, Ryan F Force, Listing Office: Realty One of New Mexico
Is La Mesa, 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, La Mesa has remained a Seller's Market.
Key Takeaway
La Mesa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Mesa, NM
How much do homes in La Mesa, NM cost?
Median Sold Price
$248,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+1.2%)
Key Takeaway
Homes in La Mesa have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in La Mesa was $248,000 in November 2024, up 1.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $306.2K | $287K | -6.3% |
| 2 Bedrooms | $222K | $238K | +7.2% |
| 3 Bedrooms | $246.5K | $246K | -0.2% |
| 4 Bedrooms | $265K | $330K | +24.5% |
| 5+ Bedrooms | $265K | $335K | +26.4% |
Summary: La Mesa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Neighborhoods
| South Los Altos | $230K | $250K | +8.7% |
| Northeast Albuquerque | $345.1K | $360.8K | +4.5% |
| La Mesa | $245K | $248K | +1.2% |
Housing Supply in La Mesa, NM
How many homes are available in La Mesa, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The La Mesa real estate market had 35 homes for sale in November 2024, a 12.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The La Mesa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 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 La Mesa, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in La Mesa in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 56 Days | +139.0% |
Summary: Homes in La Mesa had an average of 56 days on market in Nov 2024, up by 139% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in La Mesa has remained consistent over time.
Summary: During November 2024, 6 homes were sold in La Mesa; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% 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.