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Ponderosa Ranch Estates Sandia Park Scenic Byway Sierra Vista Estates Sierra Vista South Sierra Vista West Ventana del Sol

CEDAR CREST, NM 87008

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 87008

Ponderosa Ranch Estates · Sandia Park Scenic Byway · Sierra Vista Estates · Sierra Vista South · Sierra Vista West · Ventana del Sol

Market Analysis

Data as of September 2026. Source: Realtor.com.

The CEDAR CREST, NM real estate market (87008) currently shows 17 active listings, with 8 pending sales. Homes are averaging 142 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 142 days on market compared to 82 days last year.

The median listing price has fallen 5.1% year-over-year, from $537,500 to $510,000.

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Market Context

Market Context

Population: 2,418  ·  Density: 35.1/mi²  ·  Median household income: $106,250

Typical home value: $330,619  ·  Homeownership: 91.4%

Market Overview

Active Listings
17
⇧ 13.3% vs 15 last year
Pending
8
47% pending ratio
Median Price
$510,000
⇩ 5.1% vs $537,500 last year
Average Price
$636,774
⇧ 15.5% vs $551,262 last year
Days on Market
142
⇧ 73.2% vs 82 days last year

Price Per Square Foot

Median $/sqft
$252
⇧ 13.5% vs $222/sqft last year
Median Home Size
2,315 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 15 last year
  • Days on market: 142 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $510,000 (-5.1% YoY)
  • Average: $636,774 (+15.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.1 miles — 1,016 listings ($582,860,584 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87008Cedar Crest, NM 870080.0 mi15$7,181,775$444,100$478,785
87111Albuquerque, NM 871117.1 mi139$92,594,294$444,500$666,146
87112Albuquerque, NM 871127.8 mi106$39,023,052$337,000$368,142
87043Placitas, NM 8704310.3 mi51$41,423,883$746,988$812,233
87113Albuquerque, NM 8711310.6 mi40$25,686,680$449,750$642,167
87059Tijeras, NM 8705911.7 mi31$20,261,631$531,250$653,601
87015Edgewood, NM 8701512.4 mi37$19,893,420$520,000$537,660
87107Albuquerque, NM 8710714.3 mi82$74,832,298$512,475$912,589
87106Albuquerque, NM 8710615.8 mi92$41,011,852$432,440$445,781
87114Albuquerque, NM 8711416.8 mi165$81,638,535$399,500$494,779
87004Bernalillo, NM 8700419.7 mi25$13,326,825$507,500$533,073
87120Albuquerque, NM 8712021.1 mi224$121,133,152$462,000$540,773
87068Bosque Farms, NM 8706822.1 mi9$4,853,187$532,250$539,243

Frequently Asked Questions

How many homes are for sale in CEDAR CREST, NM 87008?

As of September 2026, there are 17 active listings in CEDAR CREST, NM (zip code 87008), compared to 15 the prior year.

What is the median home price in CEDAR CREST, NM 87008?

The median listing price in CEDAR CREST, NM 87008 is $510,000 as of September 2026, a 5.1% decrease from $537,500 the prior year.

How long do homes stay on the market in CEDAR CREST, NM?

Homes in CEDAR CREST, NM 87008 spend an average of 142 days on the market before going under contract, compared to 82 days the prior year.

Is it a seller's or buyer's market in CEDAR CREST, NM 87008?

Based on current inventory and days-on-market data as of September 2026, CEDAR CREST, NM 87008 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 142 days on market compared to 82 days last year.

How much can I save on real estate commission in CEDAR CREST, NM?

With SELL123.com's maximum 3% commission, sellers in CEDAR CREST, NM 87008 save an estimated $10,200 compared to a typical 5% commission on the median listing price of $510,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.