Is Solar Village / Mid-Unser, 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, Solar Village / Mid-Unser has remained a Seller's Market.
Key Takeaway
Solar Village / Mid-Unser is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Solar Village / Mid-Unser, NM
How much do homes in Solar Village / Mid-Unser, NM cost?
Median Sold Price
$340,000
$207/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Solar Village / Mid-Unser has remained the same since last year.
Summary: The median home sold price in Solar Village / Mid-Unser was $340,000 in May 2024, the same as last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410K | $259K | -36.8% |
| 3 Bedrooms | $299.4K | $315K | +5.2% |
| 4 Bedrooms | $510K | $467.5K | -8.3% |
| 5+ Bedrooms | $552.4K | $579.5K | +4.9% |
Summary: Solar Village / Mid-Unser 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 decreased by 36.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in Solar Village / Mid-Unser, NM
How many homes are available in Solar Village / Mid-Unser, NM?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Solar Village / Mid-Unser real estate market had 16 homes for sale in May 2024, a 11.1% 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 | 1 | -50.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Solar Village / Mid-Unser 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 decreased by 50%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Solar Village / Mid-Unser, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Solar Village / Mid-Unser in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Solar Village / Mid-Unser, NM
How long does it take to sell a home in Solar Village / Mid-Unser, NM?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 10 Days | -69.9% |
Summary: Homes in Solar Village / Mid-Unser had an average of 10 days on market in May 2024, down by 69.9% compared to last year.
Breakdown of Home Sale Times
3 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 Solar Village / Mid-Unser are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Solar Village / Mid-Unser; 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.