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

Fri Mar 29 2024
This week the median list price for Sandia Park, NM 87047 is $685,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 16. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Sandia Park, NM 87047

Fri Mar 29 2024
This week the median list price for Sandia Park, NM 87047 is $685,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 16. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Sandia Park market.
Median List Price $685,000
Median Price of New Listings $502,000
Per Square Foot $244
Average Days on Market 137
Median Days on Market 165
Price Decreased 63%
Price Increased 0%
Relisted 13%
Inventory 16
Median Rent
Market Action 33
Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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
$2,244,500 5,624 10 - 20 acres 4 4.5 14 0 0 217
$787,500 3,579 2.5 - 5 acres 4 3.5 16 0 0 164
$607,450 2,796 1 - 2.5 acres 4 3 30 1 1 80
$354,500 1,687 1 - 2.5 acres 2 2 39 1 1 87