$3,325 Closing Credit*
$280,000
1,440 SqFt
3 Beds
•1 Full Bath
Veronica J Campos, Listing Office: New Step Realty LLC
Is Westgate Heights, 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, Westgate Heights has remained a Seller's Market.
Key Takeaway
Westgate Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westgate Heights, NM
How much do homes in Westgate Heights, NM cost?
Median Sold Price
$265,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+3.9%)
Key Takeaway
Homes in Westgate Heights have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Westgate Heights was $265,000 in October 2024, up 3.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $319.4K | $321.4K | +0.6% |
| 3 Bedrooms | $252.5K | $259.9K | +3.0% |
| 4 Bedrooms | $264K | $305K | +15.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Westgate Heights 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 increased by 0.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Stinson Tower | $285K | $318.5K | +11.8% |
| Southwest Albuquerque | $265K | $280K | +5.7% |
| Westgate Heights | $255K | $265K | +3.9% |
Housing Supply in Westgate Heights, NM
How many homes are available in Westgate Heights, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The Westgate Heights real estate market had 23 homes for sale in October 2024, a 14.8% decrease 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 | 19 | 16 | -15.8% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Westgate Heights 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 decreased by 15.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westgate Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Westgate Heights in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 23 Days | -61.3% |
Summary: Homes in Westgate Heights had an average of 23 days on market in Oct 2024, down by 61.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 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 October 2024, 8 homes were sold in Westgate Heights; 63% of homes were sold within 30 days, 38% 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.