Market Conditions Report

Cedar Crest, NM 87008

Single-Family Homes

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Cedar Crest, NM 87008

Thu Sep 16 2021
This week the median list price for Cedar Crest, NM 87008 is $530,000 with the market action index hovering around 50. This is less than last month's market action index of 60. Inventory has increased to 9. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Cedar Crest, NM 87008

Thu Sep 16 2021
This week the median list price for Cedar Crest, NM 87008 is $530,000 with the market action index hovering around 50. This is less than last month's market action index of 60. Inventory has increased to 9. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Cedar Crest market.
Median List Price $530,000
Median Price of New Listings $329,950
Per Square Foot $194
Average Days on Market 37
Median Days on Market 21
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent
Market Action 50
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$775,000 1,920 10 - 20 acres 3 2 62 0 0 73
$615,000 2,599 1 - 2.5 acres 4 3 28 0 0 66
$524,950 2,855 1 - 2.5 acres 3 4 33 0 0 10
$400,000 3,220 1 - 2.5 acres 4 3 30 2 1 0