$5,344 Closing Credit*
$450,000
2,021 SqFt
3 Beds
•2 Full Baths
#1074704, Bill H Casaus, Listing Office: Pinnacle Real Estate Group
Is Taylor Ranch, 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, Taylor Ranch has remained a Seller's Market.
Key Takeaway
Taylor Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taylor Ranch, NM
How much do homes in Taylor Ranch, NM cost?
Median Sold Price
$363,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,100(+6.8%)
Key Takeaway
Homes in Taylor Ranch have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Taylor Ranch was $363,000 in November 2024, up 6.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $260K | +4.0% |
| 3 Bedrooms | $330K | $349.9K | +6.0% |
| 4 Bedrooms | $400K | $450K | +12.5% |
| 5+ Bedrooms | $525K | $507K | -3.4% |
Summary: Taylor Ranch 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 4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Taylor Ranch | $339.9K | $363K | +6.8% |
| Northwest Albuquerque | $349.9K | $360K | +2.9% |
Housing Supply in Taylor Ranch, NM
How many homes are available in Taylor Ranch, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 70 | -16.7% |
Summary: The Taylor Ranch real estate market had 70 homes for sale in November 2024, a 16.7% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 57 | 47 | -17.5% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Taylor Ranch 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 33.3%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Taylor Ranch, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Taylor Ranch in November 2024, the same as the previous month. Of the 20 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Taylor Ranch, NM
How long does it take to sell a home in Taylor Ranch, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +35.7% |
Summary: Homes in Taylor Ranch had an average of 25 days on market in Nov 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Taylor Ranch are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Taylor Ranch; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% 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.