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#1085224, Thelma Y Ibarra, Listing office: Fathom Realty
87121 Housing Market Report May 2025•Bernalillo County, New Mexico
Housing Prices in 87121, NM
How much do homes in 87121, NM cost?
Housing Market Conditions
Is 87121, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
87121 is a Seller's Market
Difference Since May 2024
Since last year, 87121 has remained a Seller's Market.
Insight
87121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$285,000$189/SqFt
+$12,014
+4.4%
Based on all homes sold in the last 12 months
Insight
Homes in 87121 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 87121 was $285,000 in May 2025, up 4.4% from last year, and the median price per square foot was $189.
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $105K | - | N/A |
| 22 Bedrooms | $238.4K | $244.5K | +2.6% |
| 33 Bedrooms | $269.8K | $280K | +3.8% |
| 44 Bedrooms | $300K | $310K | +3.3% |
| 55+ Bedrooms | $347.4K | $330K | -5.0% |
Summary: 87121 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +2.6%. The home price for 3 bedroom homes increased by +3.8%. The home price for 4 bedroom homes increased by +3.3%. The home price for 5 bedroom homes decreased by -5.0%.
How does 87121, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
87121, NM
Housing supply in 87121, NM
How many homes are available in 87121, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 123Last MonthMay 2025 | ||
| 1652 months agoApr 2025 | -25.5 % Change MoMApr – May |
Summary: The 87121 real estate market had 123 homes for sale in May 2025, a 25.5 % decrease compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 47Last MonthMay 2025 | ||
| 512 months agoApr 2025 | -7.8 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 10 | 9 | -10.0% |
| 33 Bedrooms | 104 | 76 | -26.9% |
| 44 Bedrooms | 48 | 34 | -29.2% |
| 55+ Bedrooms | 3 | 4 | +33.3% |
Summary: 87121 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -10.0%. The inventory for 3 bedroom homes decreased by -26.9%. The inventory for 4 bedroom homes decreased by -29.2%. The inventory for 5 bedroom homes increased by +33.3%.
Asking Price vs. Sold Price
How much do homes in 87121, NM cost?
Over Asking Price9 Homes
At Asking Price16 Homes
Under Asking Price22 Homes
Insight
If you're buying a home in 87121, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in 87121 in May 2025, down by 7.8% month-over-month. Of the 47 sold homes, 47% were sold under asking, 34% were sold at asking, and and 19% were sold over asking.
Days on Market for 87121, NM
How long does it take to sell a home in 87121, NM?
Breakdown of Home Sale Times
Under 30 Days32 Homes
30 – 90 Days8 Homes
Over 90 Days7 Homes
Insight
Many homes in 87121 are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 47 homes were sold in 87121; 68% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 33 DaysThis YearMay 2025 | ||
| 29 Days1 year agoMay 2024 | +14.9 % Change YoYMay 2024 – May 2025 |
Summary: Homes in 87121 had an average listing age of 33 days in May 2025, up by 14.9% compared to the previous year.
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Newest Listings in 87121, NM
What homes are available in 87121, NM?
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MLS Disclaimers and Copyright
Based on information from Southwest Multiple Listing Service, for the period 06/01/2023 - 06/01/2025
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: 6/5/2025, 4:45:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.