Market Conditions Report

Cedar Crest, NM 87008

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Current active inventory in Cedar Crest, NM 87008 is very low. Keep this in mind when looking at this report.

Cedar Crest, NM 87008

Mon Jan 17 2022
This week the median list price for Cedar Crest, NM 87008 is $462,000 with the market action index hovering around 55. This is less than last month's market action index of 56. Inventory has decreased to 2. Click here to stay informed with the Cedar Crest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Cedar Crest, NM 87008

Mon Jan 17 2022
This week the median list price for Cedar Crest, NM 87008 is $462,000 with the market action index hovering around 55. This is less than last month's market action index of 56. Inventory has decreased to 2. Click here to stay informed with the Cedar Crest market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cedar Crest market.
Median List Price $462,000
Median Price of New Listings $0
Per Square Foot $187
Average Days on Market 144
Median Days on Market 144
Price Decreased 100%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent $1,400
Market Action 55
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$NaN NaN N/A NaN NaN NaN NaN NaN NaN
$462,000 2,498 1 - 2.5 acres 3 3 47 0 0 143
$599,000 2,400 2.5 - 5 acres 4 3 45 0 0 147
$325,000 2,595 1 - 2.5 acres 3 3 49 0 0 140