Homes near the University of New Mexico will always be popular with home buyers. Most of the homes are older, but there are plenty of rehabbed houses sprinkled in and even some brand new homes and condos as well. There’s plenty to do in the area and the neighborhood is very walkable.
UNM Area Real Estate Sales
Homes sales were down in 2014, but many other indicators were positive including the average sales price which was up, the price per square foot which held steady in spite of a slow market and the number of distressed property sales which decreased substantially.
|Average Sales Price||$268,334||$264,704||$275,724|
|Average Square Footage||1,967||1,851||1,927|
|Ave Price Per Square Foot||$141||$148||$148|
|Average Days on Market||58||49||61|
The statistics above attempt to show the overall market conditions in the area and are painted with a wide brush. I’m trying to show trends, the direction in which the market is moving. Using the stats above to price your home (for instance taking your square footage and multiplying it by the averages price per square foot) could lead to wildly overpricing or underpricing your house. If you’re curious what your house might be worth, try using the from below instead.
What’s Your UNM Area House Worth?
Why Buy a Home in the UNM Area?
- Walk/bike to work or school at the University of New Mexico
- Walk/bike to work at Presbyterian, UNM and the VA Hospital
- Walk/bike to Nob Hill for restaurants and more
- Great houses to renovate
- Houses with character
Where is the UNM Area on the Map?
These UNM Area real estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 01/31/2015. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.
by Albuquerque Real Estate Agent Rich Cederberg. Please call or text me at (505) 803-5012. Post #88.