Market Conditions Report

Edgewood, NM 87015

Single-Family Homes

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Edgewood, NM 87015

Sun Mar 07 2021
This week the median list price for Edgewood, NM 87015 is $315,000 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has held steady at or around 17. Click here to stay informed with the Edgewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Edgewood, NM 87015

Sun Mar 07 2021
This week the median list price for Edgewood, NM 87015 is $315,000 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has held steady at or around 17. Click here to stay informed with the Edgewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Edgewood market.
Median List Price $315,000
Per Square Foot $134
Days on Market 63
Price Decreased 24%
Price Increased 12%
Relisted 6%
Inventory 17
Median Rent
Most Expensive $1,950,000
Least Expensive $150,000
Market Action 60
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$907,500 7,387 N/A 5 5 22 1 0 73
$482,100 2,884 2.5 - 5 acres 4 3 15 1 1 98
$304,400 2,106 - 3 2 1 0 0 70
$195,000 2,000 2.5 - 5 acres 3 2 25 2 2 35