Is Cedar Crest, NM 87008 a buyer’s or seller’s market?

The Cedar Crest housing market right now

In the three months ending August 31, 2026, 13% of homes in Cedar Crest, NM 87008 sold above their list price, the typical home went under contract in 47 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (53 days then) and the median sale price rose 2% to $499,784. Overall, Cedar Crest is more competitive than a year ago, so tougher for buyers.

Within Bernalillo County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 83%. On our competition score, Cedar Crest ranks #24 of 51 NM ZIP codes with enough sales (score 46 out of 100).

Nearby, buyers who want less competition could look at Bosque Farms 87068 (0% sold over asking) or Albuquerque 87102 (7% sold over asking), while Albuquerque 87105 (30% sold over asking) and Albuquerque 87121 (29% sold over asking) are even more competitive.