$8,016 Closing Credit*
$675,000
1,121 SqFt
2 Beds
•2 Full Baths
Paul Duran, Kelly Allen, Listing Office: Keller Williams Realty
Is North Hills, 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, North Hills has remained a Seller's Market.
Key Takeaway
North Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Hills, NM
How much do homes in North Hills, NM cost?
Median Sold Price
$1,035,000
$522/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$140,000(+15.6%)
Key Takeaway
Homes in North Hills have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in North Hills was $1,035,000 in November 2024, up 15.6% from last year, and the median price per square foot was $522.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $690K | $579.5K | -16.0% |
| 2 Bedrooms | $686.1K | $764K | +11.3% |
| 3 Bedrooms | $997K | $1.3M | +32.0% |
| 4 Bedrooms | $1.5M | $1.8M | +19.9% |
| 5+ Bedrooms | $2.4M | $1.6M | -32.2% |
Summary: North Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes decreased by 32.2%.
Housing Supply in North Hills, NM
How many homes are available in North Hills, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 80 | -2.4% |
Summary: The North Hills real estate market had 80 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The North Hills housing inventory by bedroom type for November 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 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Hills, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in North Hills in November 2024, up by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for North Hills, NM
How long does it take to sell a home in North Hills, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 37 Days | -17.2% |
Summary: Homes in North Hills had an average of 37 days on market in Nov 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in North Hills; 60% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 
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