Real-Time Real Estate Market Report

Sandia Park, NM 87047

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Sandia Park, NM 87047

Wed Apr 24 2024
This week the median list price for Sandia Park, NM 87047 is $812,500 with the market action index hovering around 31. This is less than last month's market action index of 34. Inventory has increased to 18. Click here to stay informed with the Sandia Park market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Sandia Park, NM 87047

Wed Apr 24 2024
This week the median list price for Sandia Park, NM 87047 is $812,500 with the market action index hovering around 31. This is less than last month's market action index of 34. Inventory has increased to 18. Click here to stay informed with the Sandia Park market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Sandia Park market.
Median List Price $812,500
Median Price of New Listings $472,500
Per Square Foot $251
Average Days on Market 127
Median Days on Market 130
Price Decreased 44%
Price Increased 0%
Relisted 6%
Inventory 18
Median Rent
Market Action 31
Slight Seller's Advantage

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$2,370,000 5,869 10 - 20 acres 4 4 15 0 0 217
$1,100,000 3,680 10 - 20 acres 4 4 15 0 0 136
$750,000 3,474 2.5 - 5 acres 4 3 29 0 0 175
$525,000 2,271 1 - 2.5 acres 3 2 31 2 0 49