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

Sun May 26 2024
This week the median list price for Sandia Park, NM 87047 is $674,950 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has increased to 24. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Sandia Park, NM 87047

Sun May 26 2024
This week the median list price for Sandia Park, NM 87047 is $674,950 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has increased to 24. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Sandia Park market.
Median List Price $674,950
Median Price of New Listings $412,500
Per Square Foot $238
Average Days on Market 120
Median Days on Market 49
Price Decreased 58%
Price Increased 0%
Relisted 0%
Inventory 24
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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
$1,297,500 5,305 10 - 20 acres 4 4 17 0 0 273
$811,500 3,177 2.5 - 5 acres 4 3 19 0 0 38
$604,500 3,052 1 - 2.5 acres 5 3 32 1 0 31
$374,950 2,221 1 - 2.5 acres 3 2 37 1 0 21