Paradise Hill Housing Market Report January 2025•Bernalillo County, New Mexico

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Housing Prices in Paradise Hill, NM

How much do homes in Paradise Hill, NM cost?

Housing Market Conditions

Is Paradise Hill, NM a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Paradise Hill is a Seller's Market

Difference Since January 2024

Since last year, Paradise Hill has remained a Seller's Market.

Insight

Paradise Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$389,000$191/SqFt
+$24,000
+6.6%

Based on all homes sold in the last 12 months

Insight

Homes in Paradise Hill have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Paradise Hill was $389,000 in January 2025, up 6.6% from last year, and the median price per square foot was $191.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Paradise Hill
+6.6%
Tuscany
+4.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$168.6K$170K
+0.8%
2$230K$255.5K
+11.1%
3$350.5K$360K
+2.7%
4$395.5K$415K
+4.9%
5$575K$473.6K
-17.6%

Summary: Paradise Hill housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +0.8%. The home price for 2 bedroom homes increased by +11.1%. The home price for 3 bedroom homes increased by +2.7%. The home price for 4 bedroom homes increased by +4.9%. The home price for 5 bedroom homes decreased by -17.6%.

Housing supply in Paradise Hill, NM

How many homes are available in Paradise Hill, NM?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
54Last MonthJan 2025
602 months agoDec 2024
-10.0 %
Change MoMDec – Jan

Summary: The Paradise Hill real estate market had 54 homes for sale in Jan 2025, a 10.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
18Last MonthJan 2025
202 months agoDec 2024
-10.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
101
+100.0%
245
+25.0%
33829
-23.7%
41515
0.0%
534
+33.3%

Summary: Paradise Hill housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes decreased by -23.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Paradise Hill, NM cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price4 Homes

Under Asking Price10 Homes

Insight

If you're buying a home in Paradise Hill, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Paradise Hill in January 2025, down by 10.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and and 22% were sold over asking.

Days on Market for Paradise Hill, NM

How long does it take to sell a home in Paradise Hill, NM?

Breakdown of Home Sale Times

Under 30 Days13 Homes

30 – 90 Days3 Homes

Over 90 Days2 Homes

Insight

Many homes in Paradise Hill are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 18 homes were sold in Paradise Hill; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
24 DaysThis YearJan 2025
45 Days1 year agoJan 2024
-45.6 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Paradise Hill had an average listing age of 24 days in Jan 2025, down by 45.6% compared to the previous year.

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Newest Listings in Paradise Hill, NM

What homes are available in Paradise Hill, NM?

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MLS Disclaimers and Copyright

Based on information from Southwest Multiple Listing Service, and North Texas Real Estate Information Systems Inc. for the period 02/01/2023 - 02/01/2025

IDXThe 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: 2/13/2025, 8:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 2/13/2025, 8:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.