$10,000 Closing Credit*
$949,000
3,308 SqFt
3 Beds
•2 Full Baths
Jeanine A Fischer, Listing Office: Realty One of New Mexico
Is North Albuquerque Acres, 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, North Albuquerque Acres has remained a Seller's Market.
Key Takeaway
North Albuquerque Acres is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Albuquerque Acres, NM
How much do homes in North Albuquerque Acres, NM cost?
Median Sold Price
$855,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$55,000(-6.0%)
Key Takeaway
Homes in North Albuquerque Acres have sold for 6% less than they did a year ago.
Summary: The median home sold price in North Albuquerque Acres was $855,000 in October 2024, down 6% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $530K | - | N/A |
| 3 Bedrooms | $750K | $746.7K | -0.4% |
| 4 Bedrooms | $915K | $870K | -4.9% |
| 5+ Bedrooms | $1.0M | $992.5K | -5.5% |
Summary: North Albuquerque Acres housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Tanoan East | $720K | $787.5K | +9.4% |
| Nor Este | $540K | $575K | +6.5% |
| North Albuquerque Acres | $910K | $855K | -6.0% |
Housing Supply in North Albuquerque Acres, NM
How many homes are available in North Albuquerque Acres, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 36 | -14.3% |
Summary: The North Albuquerque Acres real estate market had 36 homes for sale in October 2024, a 14.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 21 | 15 | -28.6% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The North Albuquerque Acres 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 decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Albuquerque Acres, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in North Albuquerque Acres in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for North Albuquerque Acres, NM
How long does it take to sell a home in North Albuquerque Acres, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 28 Days | +638.7% |
Summary: Homes in North Albuquerque Acres had an average of 28 days on market in Oct 2024, up by 638.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Albuquerque Acres are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in North Albuquerque Acres; 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.