87008, NM Housing Market

The 87008 housing market is somewhat competitive. The median sale price of a home in 87008 was $420K last month, up 10.2% since last year. The median sale price per square foot in 87008 is $221, down 7.3% since last year.

Trends
Demand
Schools
Climate

87008 Housing Market Trends

What is the housing market like in 87008 today?

$420K

Sale Price

+10.2%
since last year

$221

Sale $/Sq. Ft.

-7.3%
since last year

Under List Price

1.8%

Days on Market

38.5

Down Payment

—

Total Homes Sold

To compare other locations to the 87008 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Mexico add value to a home.

How hot is the 87008 housing market?

87008 is somewhat competitive. Homes sell in 38.5 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 39 days.
Hot homes
can sell for around list price and go pending in around 16 days.

Compare With Nearby Zip codes

87111

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 26 days.
Hot homes
can sell for about 1% above list price and go pending in around 9 days.

87114

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 35 days.
Hot homes
can sell for around list price and go pending in around 18 days.

See more nearby cities and neighborhoods

View houses in 87008 that sold recently

Recently sold homes

SOLD AUG 20, 2024
$270,000
—beds
—baths
1,766 sq ft
7 Pine Loop, Cedar Crest, NM 87008
List Price
—
Sale to List
—
Days on Market
—
7 Pine Loop, Cedar Crest, NM 87008

Schools in 87008

Learn about schools in the 87008 area

Elementary
Middle
High

GreatSchools Rating

9/10

San Antonito Elementary School

Public • K-5

266

Students

12 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on 87008 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 87008.

Heat Factor - Minor

79% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 87008

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