Market Conditions Report

Placitas, NM 87043

Single-Family Homes

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Placitas, NM 87043

Tue May 18 2021
This week the median list price for Placitas, NM 87043 is $467,450 with the market action index hovering around 68. This is an increase over last month's market action index of 63. Inventory has decreased to 8. Click here to stay informed with the Placitas market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Placitas, NM 87043

Tue May 18 2021
This week the median list price for Placitas, NM 87043 is $467,450 with the market action index hovering around 68. This is an increase over last month's market action index of 63. Inventory has decreased to 8. Click here to stay informed with the Placitas market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Placitas market.
Median List Price $467,450
Median Price of New Listings $0
Per Square Foot $204
Average Days on Market 79
Median Days on Market 63
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 68
Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

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
$889,500 3,681 2.5 - 5 acres 3 3 18 0 1 56
$492,500 2,313 2.5 - 5 acres 3 3 20 0 1 157
$437,450 2,690 1 - 2.5 acres 3 2 24 0 1 63
$357,450 2,081 2.5 - 5 acres 2 1 19 0 0 38