Real-Time Real Estate Market Report

Cedar Crest, NM 87008

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Cedar Crest, NM 87008

Sat Feb 04 2023
This week the median list price for Cedar Crest, NM 87008 is $514,950 with the market action index hovering around 55. This is an increase over last month's market action index of 45. Inventory has increased to 4. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Cedar Crest, NM 87008

Sat Feb 04 2023
This week the median list price for Cedar Crest, NM 87008 is $514,950 with the market action index hovering around 55. This is an increase over last month's market action index of 45. Inventory has increased to 4. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Cedar Crest market.
Median List Price $514,950
Median Price of New Listings $0
Per Square Foot $177
Average Days on Market 100
Median Days on Market 105
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 55
Strong Seller's Market

This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

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
$889,900 4,481 5 - 10 acres 3 3 41 0 0 182
$589,900 3,195 2.5 - 5 acres 4 4 28 0 1 98
$440,000 2,776 0.5 - 1 acre 3 3 NaN 0 0 7
$318,900 1,858 0.5 - 1 acre 2 2 44 0 0 112