$3,563 Closing Credit*
$300,000
1,456 SqFt
3 Beds
•2 Full Baths
#1074544, Alberto Cuessy, Listing Office: Coldwell Banker Legacy
Is Northern Meadows, 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, Northern Meadows has remained a Seller's Market.
Key Takeaway
Northern Meadows is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northern Meadows, NM
How much do homes in Northern Meadows, NM cost?
Median Sold Price
$320,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,000(+4.2%)
Key Takeaway
Homes in Northern Meadows have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Northern Meadows was $320,000 in November 2024, up 4.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $242K | $265K | +9.5% |
| 3 Bedrooms | $290K | $309.7K | +6.8% |
| 4 Bedrooms | $343K | $356K | +3.8% |
| 5+ Bedrooms | $342.5K | $392K | +14.5% |
Summary: Northern Meadows housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in Northern Meadows, NM
How many homes are available in Northern Meadows, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 38 | -25.5% |
Summary: The Northern Meadows real estate market had 38 homes for sale in November 2024, a 25.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 25 | 19 | -24.0% |
| 4 Bedrooms | 19 | 14 | -26.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Northern Meadows 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 decreased by 25%, 3 bedroom homes decreased by 24%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northern Meadows, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Northern Meadows in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Northern Meadows, NM
How long does it take to sell a home in Northern Meadows, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 40 Days | +185.8% |
Summary: Homes in Northern Meadows had an average of 40 days on market in Nov 2024, up by 185.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northern Meadows are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Northern Meadows; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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.