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

Tue Mar 28 2023
This week the median list price for Sandia Park, NM 87047 is $825,000 with the market action index hovering around 45. This is less than last month's market action index of 52. Inventory has increased to 11. 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

Tue Mar 28 2023
This week the median list price for Sandia Park, NM 87047 is $825,000 with the market action index hovering around 45. This is less than last month's market action index of 52. Inventory has increased to 11. 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 $825,000
Median Price of New Listings $1,142,500
Per Square Foot $307
Average Days on Market 160
Median Days on Market 21
Price Decreased 9%
Price Increased 9%
Relisted 0%
Inventory 11
Median Rent
Market Action 45
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.

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
$2,632,500 6,425 10 - 20 acres 4 5 7 1 0 497
$1,035,000 3,160 2.5 - 5 acres 3 3 12 0 0 77
$745,000 3,000 2.5 - 5 acres 4 3 15 1 0 7
$395,000 1,850 1 - 2.5 acres 3 2 49 0 1 119