$4,002 Closing Credit*
$337,000
1,700 SqFt
3 Beds
•2 Full Baths
Richard R Gonzales, Listing Office: Oso Elite Realty
Is Westgate Heights, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Westgate Heights was a Seller's Market.
Key Takeaway
Westgate Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westgate Heights, NM
How much do homes in Westgate Heights, NM cost?
Median Sold Price
$265,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,750(+5.5%)
Key Takeaway
Homes in Westgate Heights have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Westgate Heights was $265,000 in September 2024, up 5.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $316.6K | $321.4K | +1.5% |
| 3 Bedrooms | $245.5K | $259.9K | +5.9% |
| 4 Bedrooms | $264K | $309K | +17.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Westgate Heights housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 17%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Westgate Heights | $251.2K | $265K | +5.5% |
| Southwest Albuquerque | $262.4K | $276.4K | +5.3% |
Housing Supply in Westgate Heights, NM
How many homes are available in Westgate Heights, NM?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Westgate Heights real estate market had 21 homes for sale in September 2024, a 4.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Westgate Heights housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 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 Westgate Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Westgate Heights in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Westgate Heights, NM
How long does it take to sell a home in Westgate Heights, NM?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 80 Days | 17 Days | -78.9% |
Summary: Homes in Westgate Heights had an average of 17 days on market in Sep 2024, down by 78.9% compared to last year.
Breakdown of Home Sale Times
2 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 Westgate Heights are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Westgate Heights; 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.