Market Conditions Report

Placitas, NM 87043

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Placitas, NM 87043

Tue Sep 27 2022
This week the median list price for Placitas, NM 87043 is $640,000 with the market action index hovering around 32. This is less than last month's market action index of 35. Inventory has increased to 31. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Placitas, NM 87043

Tue Sep 27 2022
This week the median list price for Placitas, NM 87043 is $640,000 with the market action index hovering around 32. This is less than last month's market action index of 35. Inventory has increased to 31. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Placitas market.
Median List Price $640,000
Median Price of New Listings $509,500
Per Square Foot $286
Average Days on Market 83
Median Days on Market 49
Price Decreased 42%
Price Increased 3%
Relisted 6%
Inventory 31
Median Rent
Market Action 32
Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$1,195,000 4,070 2.5 - 5 acres 3 4 15 0 0 42
$906,500 2,771 1 - 2.5 acres 3 3 20 1 1 63
$567,500 2,187 1 - 2.5 acres 3 2 17 1 1 28
$493,500 2,245 1 - 2.5 acres 2 2 23 4 0 28