$7,719 Closing Credit*
$650,000
2,710 SqFt
4 Beds
•2 Full Baths, 1 Partial
Russell David Payson, Listing Office: Coldwell Banker Legacy
Is Northeast 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, Northeast Albuquerque has remained a Seller's Market.
Key Takeaway
Northeast Albuquerque is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast Albuquerque, NM
How much do homes in Northeast Albuquerque, NM cost?
Median Sold Price
$361,133
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,904(+6.1%)
Key Takeaway
Homes in Northeast Albuquerque have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Northeast Albuquerque was $361,133 in October 2024, up 6.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $186.5K | +16.6% |
| 2 Bedrooms | $260K | $277.6K | +6.8% |
| 3 Bedrooms | $324.5K | $345K | +6.3% |
| 4 Bedrooms | $441K | $490.8K | +11.3% |
| 5+ Bedrooms | $660K | $665K | +0.8% |
Summary: Northeast Albuquerque housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast Albuquerque | $340.2K | $361.1K | +6.1% |
| Sandia High School Area | $405K | $407.5K | +0.6% |
Housing Supply in Northeast Albuquerque, NM
How many homes are available in Northeast Albuquerque, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,088 | 984 | -9.6% |
Summary: The Northeast Albuquerque real estate market had 984 homes for sale in October 2024, a 9.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 23 | -11.5% |
| 2 Bedrooms | 181 | 157 | -13.3% |
| 3 Bedrooms | 537 | 500 | -6.9% |
| 4 Bedrooms | 292 | 258 | -11.6% |
| 5+ Bedrooms | 52 | 46 | -11.5% |
Summary: The Northeast Albuquerque housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.5%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 238 | 226 | -5.0% |
Asking Price vs. Sold Price
126 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Albuquerque, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.
Summary: A total of 226 homes were sold or pending in Northeast Albuquerque in October 2024, down by 5.0% month-over-month. Of the 226 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% were sold over asking.
Days on Market for Northeast Albuquerque, NM
How long does it take to sell a home in Northeast Albuquerque, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 29 Days | +80.5% |
Summary: Homes in Northeast Albuquerque had an average of 29 days on market in Oct 2024, up by 80.5% compared to last year.
Breakdown of Home Sale Times
149 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Albuquerque are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 226 homes were sold in Northeast Albuquerque; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% 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. 
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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