Real-Time Real Estate Market Report

Bosque Farms, NM 87068

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Bosque Farms, NM 87068

Fri Jul 26 2024
This week the median list price for Bosque Farms, NM 87068 is $500,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 7. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Bosque Farms, NM 87068

Fri Jul 26 2024
This week the median list price for Bosque Farms, NM 87068 is $500,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 7. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Bosque Farms market.
Median List Price $500,000
Median Price of New Listings $429,000
Per Square Foot $243
Average Days on Market 84
Median Days on Market 77
Price Decreased 71%
Price Increased 0%
Relisted 14%
Inventory 7
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in 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
$849,900 2,659 2.5 - 5 acres 3 2 21 0 0 154
$595,000 2,553 1 - 2.5 acres 4 3 52 0 0 133
$485,000 2,220 0.25 - 0.5 acre 3 2.5 37 0 0 45
$424,000 1,791 0.5 - 1 acre 3 2 45 1 0 38