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

Thu Mar 23 2023
This week the median list price for Sandia Park, NM 87047 is $785,000 with the market action index hovering around 47. This is less than last month's market action index of 51. Inventory has increased to 10. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Sandia Park, NM 87047

Thu Mar 23 2023
This week the median list price for Sandia Park, NM 87047 is $785,000 with the market action index hovering around 47. This is less than last month's market action index of 51. Inventory has increased to 10. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Sandia Park market.
Median List Price $785,000
Median Price of New Listings $785,000
Per Square Foot $311
Average Days on Market 172
Median Days on Market 42
Price Decreased 20%
Price Increased 10%
Relisted 0%
Inventory 10
Median Rent
Market Action 47
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$2,375,000 5,080 10 - 20 acres 3 4 10 0 0 633
$967,450 3,034 5 - 10 acres 3 3 6 0 0 42
$745,000 2,421 1 - 2.5 acres 4 3 15 2 0 0
$369,000 1,420 1 - 2.5 acres 3 2 50 0 0 112