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.
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
| 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 |