Real-Time Real Estate Market Report

Belen, NM 87002

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Belen, NM 87002

Thu Feb 06 2025
This week the median list price for Belen, NM 87002 is $302,900 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 50. Click here to stay informed with the Belen market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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.

Belen, NM 87002

Thu Feb 06 2025
This week the median list price for Belen, NM 87002 is $302,900 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 50. Click here to stay informed with the Belen market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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 Belen market.
Median List Price $302,900
Median Price of New Listings $292,000
Per Square Foot $188
Average Days on Market 167
Median Days on Market 140
Price Decreased 22%
Price Increased 28%
Relisted 2%
Inventory 50
Median Rent
Market Action 33
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$582,450 2,628 2.5 - 5 acres 3 3 38 0 0 185
$340,900 1,841 0.25 - 0.5 acre 4 2 23 1 2 161
$289,000 1,362 6,500 - 8,000 sqft 3 2 1 3 1 245
$235,000 1,482 0.25 - 0.5 acre 2 2 54 0 2 91