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.
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
| 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 |