Is Cabezon, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cabezon has remained a Seller's Market.
Housing Prices in Cabezon, NM
How much do homes in Cabezon, NM cost?
Median Sold Price
$387,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cabezon was $387,500 in May 2024, up 1.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $287.5K | $299.9K | +4.3% |
3 Bedrooms | $358.5K | $350K | -2.4% |
4 Bedrooms | $435K | $435K | 0.0% |
5+ Bedrooms | $475K | $490K | +3.2% |
Summary: Cabezon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
Northwest Albuquerque | $334.6K | $357.9K | +7.0% |
Cabezon | $382K | $387.5K | +1.4% |
Housing Supply in Cabezon, NM
How many homes are available in Cabezon, NM?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 24 | -17.2% |
Summary: The Cabezon real estate market had 24 homes for sale in May 2024, a 17.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cabezon housing inventory by bedroom type for May 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 8.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Cabezon in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Cabezon, NM
How long does it take to sell a home in Cabezon, NM?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 29 Days | +170.0% |
Summary: Homes in Cabezon had an average of 29 days on market in May 2024, up by 170% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Cabezon; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.