Market Conditions Report

Cedar Crest, NM 87008

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Cedar Crest, NM 87008

Tue Sep 27 2022
This week the median list price for Cedar Crest, NM 87008 is $525,000 with the market action index hovering around 45. This is an increase over last month's market action index of 38. Inventory has decreased to 5. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Cedar Crest, NM 87008

Tue Sep 27 2022
This week the median list price for Cedar Crest, NM 87008 is $525,000 with the market action index hovering around 45. This is an increase over last month's market action index of 38. Inventory has decreased to 5. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Real-Time Market Profile

Never miss important changes in the Cedar Crest market.
Median List Price $525,000
Median Price of New Listings $499,900
Per Square Foot $204
Average Days on Market 49
Median Days on Market 56
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 45
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$999,000 4,513 5 - 10 acres 3 3 18 0 0 119
$889,900 4,481 5 - 10 acres 3 3 40 0 0 56
$525,000 1,900 5 - 10 acres 3 2 13 0 0 7
$492,450 2,560 1 - 2.5 acres 3 2.5 33 1 2 31