Market Conditions Report

Cedar Crest, NM 87008

Single-Family Homes

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Cedar Crest, NM 87008

Wed Oct 20 2021
This week the median list price for Cedar Crest, NM 87008 is $529,500 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has decreased to 8. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Cedar Crest, NM 87008

Wed Oct 20 2021
This week the median list price for Cedar Crest, NM 87008 is $529,500 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has decreased to 8. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cedar Crest market.
Median List Price $529,500
Median Price of New Listings $325,000
Per Square Foot $210
Average Days on Market 70
Median Days on Market 53
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 52
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$775,000 1,920 10 - 20 acres 3 2 62 0 0 108
$615,000 2,599 1 - 2.5 acres 4 3 28 0 0 101
$504,450 2,855 1 - 2.5 acres 3 4 33 0 0 45
$327,500 2,023 0.5 - 1 acre 3 2 39 1 2 24