Market Conditions Report

Bosque Farms, NM 87068

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace


Bosque Farms, NM 87068

Tue Sep 27 2022
This week the median list price for Bosque Farms, NM 87068 is $549,950 with the market action index hovering around 43. This is less than last month's market action index of 50. Inventory has increased to 6. Click here to stay informed with the Bosque Farms market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Bosque Farms, NM 87068

Tue Sep 27 2022
This week the median list price for Bosque Farms, NM 87068 is $549,950 with the market action index hovering around 43. This is less than last month's market action index of 50. Inventory has increased to 6. Click here to stay informed with the Bosque Farms market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Bosque Farms market.
Median List Price $549,950
Median Price of New Listings $0
Per Square Foot $196
Average Days on Market 53
Median Days on Market 35
Price Decreased 50%
Price Increased 17%
Relisted 0%
Inventory 6
Median Rent
Market Action 43
Slight Seller's Advantage

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
$695,000 4,921 2.5 - 5 acres 4 4 55 0 1 7
$695,000 2,635 1 - 2.5 acres 3 3 26 0 0 42
$549,950 2,809 1 - 2.5 acres 4 3.5 50 0 0 17
$470,900 2,433 0.5 - 1 acre 4 2.5 43 0 0 115