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