Is Tijeras, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tijeras has remained a Seller's Market.
Housing Prices in Tijeras, NM
How much do homes in Tijeras, NM cost?
Median Sold Price
$497,250
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tijeras was $497,250 in May 2024, up 22.3% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $178.2K | -20.8% |
2 Bedrooms | $270K | $245K | -9.3% |
3 Bedrooms | $405K | $432.5K | +6.8% |
4 Bedrooms | $480K | $675K | +40.6% |
5+ Bedrooms | $615K | $775K | +26.0% |
Summary: Tijeras housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 40.6%, and 5+ bedroom homes increased by 26%.
Median Sold Price Compared To Nearby Cities
Tijeras | $406.5K | $497.2K | +22.3% |
East Bernalillo | $410.7K | $462.3K | +12.6% |
Cedar Crest | $417.8K | $455K | +8.9% |
Housing Supply in Tijeras, NM
How many homes are available in Tijeras, NM?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 46 | 0.0% |
Summary: The Tijeras real estate market had 46 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 27 | 28 | +3.7% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Tijeras housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Tijeras in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 50% were sold at asking, and 30% were sold over asking.
Days on Market for Tijeras, NM
How long does it take to sell a home in Tijeras, NM?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 7 Days | -77.1% |
Summary: Homes in Tijeras had an average of 7 days on market in May 2024, down by 77.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Tijeras; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.