$4,513 Closing Credit*
$380,000
1,813 SqFt
3 Beds
•1 Full Bath, 1 Partial
#1075208, The Gonzalez Group, Listing Office: Keller Williams Realty
Is Southeast Heights, 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, Southeast Heights has remained a Neutral Market.
Key Takeaway
Southeast Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Southeast Heights, NM
How much do homes in Southeast Heights, NM cost?
Median Sold Price
$437,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,000(+7.9%)
Key Takeaway
Homes in Southeast Heights have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Southeast Heights was $437,000 in November 2024, up 7.9% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $286.2K | +113.6% |
| 2 Bedrooms | $330.7K | $397.5K | +20.2% |
| 3 Bedrooms | $450K | $442.5K | -1.7% |
| 4 Bedrooms | $525K | $675K | +28.6% |
| 5+ Bedrooms | $547.7K | $639K | +16.7% |
Summary: Southeast Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 113.6%, 2 bedroom homes increased by 20.2%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeast Heights | $405K | $437K | +7.9% |
| Victory Hills | $300K | $309K | +3.0% |
| Nob Hill | $422K | $412K | -2.4% |
Housing Supply in Southeast Heights, NM
How many homes are available in Southeast Heights, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Southeast Heights real estate market had 27 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Southeast Heights 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 increased by 20%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Southeast Heights in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Southeast Heights, NM
How long does it take to sell a home in Southeast Heights, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +24.2% |
Summary: Homes in Southeast Heights had an average of 20 days on market in Nov 2024, up by 24.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Southeast Heights; 75% of homes were sold within 30 days, 25% 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.