#1077826, Kate M Southard, Listing Office: Kate Southard Real Estate
87122 Housing Market Report January 2025•Bernalillo County, New Mexico
Housing Prices in 87122, NM
How much do homes in 87122, NM cost?
Housing Market Conditions
Is 87122, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
87122 is a Seller's Market
Difference Since January 2024
Since last year, 87122 has remained a Seller's Market.
87122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 87122 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 87122 was $727,500 in January 2025, up 1.3% from last year, and the median price per square foot was $257.
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | $570K | N/A |
22 Bedrooms | $392K | $397.2K | +1.3% |
33 Bedrooms | $635K | $593.5K | -6.5% |
44 Bedrooms | $825K | $780K | -5.5% |
55+ Bedrooms | $1.0M | $980K | -4.2% |
Summary: 87122 housing price by bedroom type for January 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 +1.3%. The home price for 3 bedroom homes decreased by -6.5%. The home price for 4 bedroom homes decreased by -5.5%. The home price for 5 bedroom homes decreased by -4.2%.
Housing supply in 87122, NM
How many homes are available in 87122, NM?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
66Last MonthJan 2025 | ||
762 months agoDec 2024 | -13.2 % Change MoMDec – Jan |
Summary: The 87122 real estate market had 66 homes for sale in Jan 2025, a 13.2 % decrease compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
18Last MonthJan 2025 | ||
162 months agoDec 2024 | +12.5 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 4 | 3 | -25.0% |
33 Bedrooms | 34 | 30 | -11.8% |
44 Bedrooms | 26 | 23 | -11.5% |
55+ Bedrooms | 12 | 10 | -16.7% |
Summary: 87122 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -11.8%. The inventory for 4 bedroom homes decreased by -11.5%. The inventory for 5 bedroom homes decreased by -16.7%.
Asking Price vs. Sold Price
How much do homes in 87122, NM cost?
Over Asking Price3 Homes
At Asking Price6 Homes
Under Asking Price9 Homes
If you're buying a home in 87122, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 87122 in January 2025, up by 12.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 33% were sold at asking, and and 17% were sold over asking.
Days on Market for 87122, NM
How long does it take to sell a home in 87122, NM?
Breakdown of Home Sale Times
Under 30 Days12 Homes
30 – 90 Days3 Homes
Over 90 Days3 Homes
Many homes in 87122 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 18 homes were sold in 87122; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
39 DaysThis YearJan 2025 | ||
35 Days1 year agoJan 2024 | +11.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 87122 had an average listing age of 39 days in Jan 2025, up by 11.0% compared to the previous year.
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Newest Listings in 87122, NM
What homes are available in 87122, NM?
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MLS Disclaimers and Copyright
Based on information from Southwest Multiple Listing Service, and Santa Fe MLS for the period 02/01/2023 - 02/01/2025
![IDX](https://rocket.com/homes/mls-logos/IDX_557.png)
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: 2/7/2025, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
![IDX](https://rocket.com/homes/mls-logos/idx_559.png)
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: 2/7/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.