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87111 Housing Market Report March 2025•Bernalillo County, New Mexico
Housing Prices in 87111, NM
How much do homes in 87111, NM cost?
Housing Market Conditions
Is 87111, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
87111 is a Seller's Market
Difference Since March 2024
Since last year, 87111 has remained a Seller's Market.
Insight
87111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$415,000$220/SqFt
-$5,000
-1.2%
Based on all homes sold in the last 12 months
Insight
Homes in 87111 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 87111 was $415,000 in March 2025, down 1.2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $187.2K | $149K | -20.4% |
| 22 Bedrooms | $322K | $305K | -5.3% |
| 33 Bedrooms | $399.9K | $402.5K | +0.6% |
| 44 Bedrooms | $495K | $530K | +7.1% |
| 55+ Bedrooms | $696K | $690K | -0.9% |
Summary: 87111 housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -20.4%. The home price for 2 bedroom homes decreased by -5.3%. The home price for 3 bedroom homes increased by +0.6%. The home price for 4 bedroom homes increased by +7.1%. The home price for 5 bedroom homes decreased by -0.9%.
How does 87111, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
87111, NM
Housing supply in 87111, NM
How many homes are available in 87111, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 221Last MonthMar 2025 | ||
| 2162 months agoFeb 2025 | +2.3 % Change MoMFeb – Mar |
Summary: The 87111 real estate market had 221 homes for sale in Mar 2025, a 2.3 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 65Last MonthMar 2025 | ||
| 402 months agoFeb 2025 | +62.5 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 29 | 28 | -3.4% |
| 33 Bedrooms | 100 | 100 | 0.0% |
| 44 Bedrooms | 75 | 79 | +5.3% |
| 55+ Bedrooms | 11 | 13 | +18.2% |
Summary: 87111 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -3.4%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +5.3%. The inventory for 5 bedroom homes increased by +18.2%.
Asking Price vs. Sold Price
How much do homes in 87111, NM cost?
Over Asking Price20 Homes
At Asking Price16 Homes
Under Asking Price29 Homes
Insight
If you're buying a home in 87111, you may be able to get a good deal. 44.6% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in 87111 in March 2025, up by 62.5% month-over-month. Of the 65 sold homes, 45% were sold under asking, 25% were sold at asking, and and 31% were sold over asking.
Days on Market for 87111, NM
How long does it take to sell a home in 87111, NM?
Breakdown of Home Sale Times
Under 30 Days51 Homes
30 – 90 Days8 Homes
Over 90 Days6 Homes
Insight
Many homes in 87111 are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 65 homes were sold in 87111; 78% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 27 DaysThis YearMar 2025 | ||
| 14 Days1 year agoMar 2024 | +87.7 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in 87111 had an average listing age of 27 days in Mar 2025, up by 87.7% compared to the previous year.
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Newest Listings in 87111, NM
What homes are available in 87111, NM?
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MLS Disclaimers and Copyright
Based on information from Southwest Multiple Listing Service, and Santa Fe MLS for the period 04/01/2023 - 04/01/2025
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. Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 8:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 8:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.