Is West Bernalillo, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Bernalillo has remained a Seller's Market.
Housing Prices in West Bernalillo, NM
How much do homes in West Bernalillo, NM cost?
Median Sold Price
$472,450
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Bernalillo was $472,450 in April 2024, down 4.6% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $280K | $309.9K | +10.7% |
3 Bedrooms | $450K | $395K | -12.2% |
4 Bedrooms | $511.1K | $505K | -1.2% |
5+ Bedrooms | $595K | $712K | +19.7% |
Summary: West Bernalillo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
Albuquerque | $316.3K | $335.6K | +6.1% |
Rio Rancho | $339.7K | $352.1K | +3.7% |
West Bernalillo | $495K | $472.4K | -4.6% |
Housing Supply in West Bernalillo, NM
How many homes are available in West Bernalillo, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 56 | 0.0% |
Summary: The West Bernalillo real estate market had 56 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 25 | 24 | -4.0% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The West Bernalillo housing inventory by bedroom type for April 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 4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 17 homes were sold or pending in West Bernalillo in April 2024, up by 70.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 35% were sold at asking, and 6% were sold over asking.
Days on Market for West Bernalillo, NM
How long does it take to sell a home in West Bernalillo, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 38 Days | 0.2% |
Summary: Homes in West Bernalillo had an average of 38 days on market in Apr 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in West Bernalillo; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.