Market Conditions Report

Edgewood, NM 87015

Single-Family Homes

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Edgewood, NM 87015

Sat Nov 27 2021
This week the median list price for Edgewood, NM 87015 is $355,000 with the market action index hovering around 72. This is an increase over last month's market action index of 67. Inventory has decreased to 19. 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

Sat Nov 27 2021
This week the median list price for Edgewood, NM 87015 is $355,000 with the market action index hovering around 72. This is an increase over last month's market action index of 67. Inventory has decreased to 19. 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 $355,000
Median Price of New Listings $355,000
Per Square Foot $194
Average Days on Market 84
Median Days on Market 28
Price Decreased 21%
Price Increased 5%
Relisted 11%
Inventory 19
Median Rent
Market Action 72
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
$1,249,500 6,412 N/A 4 4.3 20 1 0 77
$400,000 2,078 1 - 2.5 acres 3 2 0 2 2 21
$295,000 1,622 1 - 2.5 acres 3 2 23 2 1 7
$175,000 1,744 5 - 10 acres 3 2 22 2 3 112