$3,194 Closing Credit*
$269,000
954 SqFt
3 Beds
•1 Full Bath
Sol E Mirabal, Listing Office: Realty One of New Mexico
Is West Mesa, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, West Mesa was a Seller's Market.
Key Takeaway
West Mesa 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 West Mesa, NM
How much do homes in West Mesa, NM cost?
Median Sold Price
$252,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,550(+5.2%)
Key Takeaway
Homes in West Mesa have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in West Mesa was $252,500 in October 2024, up 5.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $203.9K | -24.5% |
| 2 Bedrooms | $210K | $222K | +5.7% |
| 3 Bedrooms | $239.9K | $252.5K | +5.3% |
| 4 Bedrooms | $264.9K | $264.7K | -0.1% |
| 5+ Bedrooms | $200.5K | $294.5K | +46.8% |
Summary: West Mesa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.5%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 46.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Los Volcanes | $267K | $285K | +6.7% |
| West Mesa | $239.9K | $252.5K | +5.2% |
Housing Supply in West Mesa, NM
How many homes are available in West Mesa, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The West Mesa real estate market had 24 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Mesa 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 increased by 80%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Mesa, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in West Mesa in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for West Mesa, NM
How long does it take to sell a home in West Mesa, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 7 Days | -78.7% |
Summary: Homes in West Mesa had an average of 7 days on market in Oct 2024, down by 78.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Mesa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in West Mesa; 100% of homes were sold within 30 days, 0% 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.