Real-Time Real Estate Market Report

Belen, NM 87002

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Belen, NM 87002

Fri Mar 29 2024
This week the median list price for Belen, NM 87002 is $299,950 with the market action index hovering around 48. This is an increase over last month's market action index of 43. Inventory has decreased to 36. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Belen, NM 87002

Fri Mar 29 2024
This week the median list price for Belen, NM 87002 is $299,950 with the market action index hovering around 48. This is an increase over last month's market action index of 43. Inventory has decreased to 36. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Belen market.
Median List Price $299,950
Median Price of New Listings $297,900
Per Square Foot $181
Average Days on Market 90
Median Days on Market 49
Price Decreased 19%
Price Increased 17%
Relisted 6%
Inventory 36
Median Rent
Market Action 48
Strong Seller's Market

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
$649,000 2,331 2.5 - 5 acres 3 2 37 0 0 133
$339,000 2,114 8,000 - 10,000 sqft 4 2 14 1 2 28
$285,000 1,362 6,500 - 8,000 sqft 3 2 1 3 3 126
$235,000 1,609 0.25 - 0.5 acre 3 2 46 1 5 28