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

Thu Dec 26 2024
This week the median list price for Bosque Farms, NM 87068 is $519,450 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 8. 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

Market Narrative

The market has started cooling and prices have been flat for several weeks. 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

Thu Dec 26 2024
This week the median list price for Bosque Farms, NM 87068 is $519,450 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 8. 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

Market Narrative

The market has started cooling and prices have been flat for several weeks. 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 $519,450
Median Price of New Listings $0
Per Square Foot $230
Average Days on Market 89
Median Days on Market 91
Price Decreased 25%
Price Increased 13%
Relisted 13%
Inventory 8
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$892,500 3,262 0.5 - 1 acre 4 3.5 14 0 0 126
$627,450 2,909 1 - 2.5 acres 4 3 43 0 0 38
$414,000 1,586 0.5 - 1 acre 3 2 47 0 1 115
$306,950 1,596 0.5 - 1 acre 2 2 57 0 0 77