Market Conditions Report

Sandia Park, NM 87047

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Sandia Park, NM 87047

Sat Jun 12 2021
This week the median list price for Sandia Park, NM 87047 is $765,000 with the market action index hovering around 49. This is an increase over last month's market action index of 44. Inventory has increased to 19. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Sandia Park, NM 87047

Sat Jun 12 2021
This week the median list price for Sandia Park, NM 87047 is $765,000 with the market action index hovering around 49. This is an increase over last month's market action index of 44. Inventory has increased to 19. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Sandia Park market.
Median List Price $765,000
Median Price of New Listings $455,000
Per Square Foot $206
Average Days on Market 87
Median Days on Market 35
Price Decreased 37%
Price Increased 0%
Relisted 0%
Inventory 19
Median Rent
Market Action 49
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$1,962,500 6,538 10 - 20 acres 4 4 15 0 0 108
$850,000 3,000 5 - 10 acres 4 3 4 0 0 49
$599,000 3,565 5 - 10 acres 4 3 18 1 1 28
$425,000 2,735 2.5 - 5 acres 3 3 32 1 1 14