$5,344 Closing Credit*
$450,000
3,108 SqFt
4 Beds
•1 Full Bath
Katherine Gilmore Mosley, Listing Office: Vista Encantada Realtors, LLC
Is Los Ranchos de Albuquerque, 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, Los Ranchos de Albuquerque has remained a Seller's Market.
Key Takeaway
Los Ranchos de Albuquerque is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Ranchos de Albuquerque, NM
How much do homes in Los Ranchos de Albuquerque, NM cost?
Median Sold Price
$913,500
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,000(-2.6%)
Key Takeaway
Homes in Los Ranchos de Albuquerque have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Los Ranchos de Albuquerque was $913,500 in October 2024, down 2.6% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | $300K | -76.0% |
| 2 Bedrooms | $372.5K | $515K | +38.3% |
| 3 Bedrooms | $662.5K | $649K | -2.0% |
| 4 Bedrooms | $968.7K | $1.0M | +6.8% |
| 5+ Bedrooms | $1.0M | $1.2M | +22.3% |
Summary: Los Ranchos de Albuquerque housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76%, 2 bedroom homes increased by 38.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Albuquerque | $329.2K | $344K | +4.5% |
| Los Ranchos de Albuquerque | $937.5K | $913.5K | -2.6% |
Housing Supply in Los Ranchos de Albuquerque, NM
How many homes are available in Los Ranchos de Albuquerque, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Los Ranchos de Albuquerque real estate market had 17 homes for sale in October 2024, a 15.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The Los Ranchos de Albuquerque 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 increased by 20%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Ranchos de Albuquerque, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Los Ranchos de Albuquerque in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Los Ranchos de Albuquerque, NM
How long does it take to sell a home in Los Ranchos de Albuquerque, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 33 Days | +605.3% |
Summary: Homes in Los Ranchos de Albuquerque had an average of 33 days on market in Oct 2024, up by 605.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Ranchos de Albuquerque are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Los Ranchos de Albuquerque; 50% of homes were sold within 30 days, 50% 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.