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

Tue Apr 16 2024
This week the median list price for Bosque Farms, NM 87068 is $717,000 with the market action index hovering around 43. This is less than last month's market action index of 46. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Bosque Farms, NM 87068

Tue Apr 16 2024
This week the median list price for Bosque Farms, NM 87068 is $717,000 with the market action index hovering around 43. This is less than last month's market action index of 46. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Bosque Farms market.
Median List Price $717,000
Median Price of New Listings $785,000
Per Square Foot $271
Average Days on Market 51
Median Days on Market 35
Price Decreased 17%
Price Increased 0%
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
$899,000 2,659 2.5 - 5 acres 3 2 21 0 0 49
$785,000 2,370 1 - 2.5 acres 3 2 9 1 0 0
$717,000 3,406 0.5 - 1 acre 4 3.5 33 0 0 42
$587,500 2,178 1 - 2.5 acres 3 2.5 38 0 0 87