$1,603 Closing Credit*
$135,000
606 SqFt
2 Beds
•1 Full Bath
#1075283, Griselda Veronica Valverde, Listing Office: Realty One of New Mexico
Is Southwest Albuquerque, 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, Southwest Albuquerque has remained a Seller's Market.
Key Takeaway
Southwest Albuquerque is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Albuquerque, NM
How much do homes in Southwest Albuquerque, NM cost?
Median Sold Price
$280,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,121(+5.3%)
Key Takeaway
Homes in Southwest Albuquerque have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Southwest Albuquerque was $280,000 in November 2024, up 5.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227K | $230K | +1.3% |
| 2 Bedrooms | $236.5K | $243K | +2.7% |
| 3 Bedrooms | $260K | $277.9K | +6.9% |
| 4 Bedrooms | $291.5K | $310K | +6.3% |
| 5+ Bedrooms | $357.5K | $358K | 0.1% |
Summary: Southwest Albuquerque housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in Southwest Albuquerque, NM
How many homes are available in Southwest Albuquerque, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 288 | 248 | -13.9% |
Summary: The Southwest Albuquerque real estate market had 248 homes for sale in November 2024, a 13.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 35 | 34 | -2.9% |
| 3 Bedrooms | 149 | 140 | -6.0% |
| 4 Bedrooms | 81 | 60 | -25.9% |
| 5+ Bedrooms | 13 | 7 | -46.2% |
Summary: The Southwest Albuquerque housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes decreased by 46.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 59 | -21.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Albuquerque, you may be able to get a good deal. 39% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in Southwest Albuquerque in November 2024, down by 21.3% month-over-month. Of the 59 sold homes, 39% were sold under asking, 39% were sold at asking, and 22% were sold over asking.
Days on Market for Southwest Albuquerque, NM
How long does it take to sell a home in Southwest Albuquerque, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +5.0% |
Summary: Homes in Southwest Albuquerque had an average of 28 days on market in Nov 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Albuquerque are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 59 homes were sold in Southwest Albuquerque; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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.