Bernalillo, NM Home Values & Market Trends

Real estate market trends reflect that there have been 82 transactions over the past year in Bernalillo. The median value for residential home transactions that occurred over the previous year is $348,730.25. The number of current listings in Bernalillo is 15, and the percentage of properties for sale in the city is 15.00%. Bernalillo, NM currently has 2 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 15 properties for sale.

Bernalillo, NM Real Estate Market Overview

ZipMedian Est. Value
87004

$ 400,000

$ 196/sqft

Housing Market Summary for Bernalillo, NM

Apr 2023March 2024Change
Median Listing Price$350K$364K3.99%
Median Sold Price$305.3K$364K19.20%
Homes For Sale91566.67%
Homes Sold5554-1.82%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Bernalillo, NM

Bernalillo home values range from $23,588 to $12,104,604. The median estimated value of a home in Bernalillo is $348,730.25. The median list price of a home is 399,000, and the total count of properties in the city is 3,791.

Foreclosure
There is 1 zips within Bernalillo, NM; within this zips, the median estimated home value for homes in foreclosure ranges from $455,000 in 87004 to the lowest value of $189,376 in 87004. Foreclosure homes account for 0.00% of properties in Bernalillo, NM with 87004 containing 2 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.05% of all residential properties in Bernalillo, NM with 87004 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Bernalillo, NM; of that zips, the estimated home value for pre-foreclosure homes ranges from $455,000 in 87004 to the lowest home value of $189,376 in 87004.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Bernalillo, NM ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Bernalillo, NM. There is 1 zips within Bernalillo, NM; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Bernalillo, NM. Auction homes and other auction properties account for 0% of all properties in Bernalillo, NM. There is 1 zips within Bernalillo, NM; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.40% of residential properties in Bernalillo, NM with 87004 containing 15 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Bernalillo, NM; homes for sale in that zips, have a range of median values from $995,000 in 87004 to the lowest value of $179,900 in 87004.
    Sold Homes
    The median value for recently sold homes ranges from $990,336 in 87004 to the lowest price of $49,982 in 87004. There is 1 zips within Bernalillo, NM. 87004 has 55 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.45% of properties in Bernalillo, NM.

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      Guide for Bernalillo, NM

      Market Reports
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      New Mexico Foreclosure Laws
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      Santa Fe Real Estate Values Pulse Through Highs and Lows: Report of 2023-2024 Trends
      Market Reports|posted 17 April 2024

      This article describes the fluctuating real estate market of Santa Fe and neighboring cities from July 2023 to March 2024, focusing on property values, sale prices, and number of sold homes.

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      New Mexico Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Recently Listed Homes Bernalillo, NM

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