$9,322 Closing Credit*
$785,000
2,444 SqFt
3 Beds
•2 Full Baths
Jennifer Lee Smith, Listing Office: Realty One of New Mexico
Is West Bernalillo, 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, West Bernalillo has remained a Seller's Market.
Key Takeaway
West Bernalillo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Bernalillo, NM
How much do homes in West Bernalillo, NM cost?
Median Sold Price
$450,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$48,990(-9.8%)
Key Takeaway
Homes in West Bernalillo have sold for 9.8% less than they did a year ago.
Summary: The median home sold price in West Bernalillo was $450,000 in October 2024, down 9.8% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $309.9K | N/A |
| 3 Bedrooms | $390K | $399K | +2.3% |
| 4 Bedrooms | $520K | $467K | -10.2% |
| 5+ Bedrooms | $647.5K | $542.5K | -16.2% |
Summary: West Bernalillo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Cities
| Albuquerque | $329.2K | $344K | +4.5% |
| Rio Rancho | $349.2K | $358.8K | +2.8% |
| West Bernalillo | $498.9K | $450K | -9.8% |
Housing Supply in West Bernalillo, NM
How many homes are available in West Bernalillo, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The West Bernalillo real estate market had 44 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The West Bernalillo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Bernalillo, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in West Bernalillo in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for West Bernalillo, NM
How long does it take to sell a home in West Bernalillo, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 66 Days | +133.3% |
Summary: Homes in West Bernalillo had an average of 66 days on market in Oct 2024, up by 133.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Bernalillo has remained consistent over time.
Summary: During October 2024, 8 homes were sold in West Bernalillo; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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.