$5,225 Closing Credit*
$440,000
2,281 SqFt
4 Beds
•2 Full Baths, 1 Partial
Mary C. Porter, Listing Office: ERA Summit
Is Paradise Hill, 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, Paradise Hill has remained a Seller's Market.
Key Takeaway
Paradise Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paradise Hill, NM
How much do homes in Paradise Hill, NM cost?
Median Sold Price
$383,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,500(+6.5%)
Key Takeaway
Homes in Paradise Hill have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Paradise Hill was $383,500 in October 2024, up 6.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.3K | $170K | +1.6% |
| 2 Bedrooms | $230K | $278K | +20.9% |
| 3 Bedrooms | $345K | $361.5K | +4.8% |
| 4 Bedrooms | $390K | $415K | +6.4% |
| 5+ Bedrooms | $485K | $494.3K | +1.9% |
Summary: Paradise Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in Paradise Hill, NM
How many homes are available in Paradise Hill, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 56 | +5.7% |
Summary: The Paradise Hill real estate market had 56 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Paradise Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paradise Hill, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Paradise Hill in October 2024, up by 77.8% month-over-month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Paradise Hill, NM
How long does it take to sell a home in Paradise Hill, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 22 Days | +97.4% |
Summary: Homes in Paradise Hill had an average of 22 days on market in Oct 2024, up by 97.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Paradise Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Paradise Hill; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% 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.