Market Conditions Report

Sandia Park, NM 87047

Single-Family Homes

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Sandia Park, NM 87047

Tue May 11 2021
This week the median list price for Sandia Park, NM 87047 is $765,000 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has increased to 17. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Sandia Park, NM 87047

Tue May 11 2021
This week the median list price for Sandia Park, NM 87047 is $765,000 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has increased to 17. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Sandia Park market.
Median List Price $765,000
Median Price of New Listings $650,000
Per Square Foot $215
Average Days on Market 77
Median Days on Market 21
Price Decreased 24%
Price Increased 0%
Relisted 0%
Inventory 17
Median Rent
Market Action 45
Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently 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
$2,012,500 6,538 10 - 20 acres 4 4 15 1 0 80
$882,000 2,949 5 - 10 acres 3 3 6 0 0 45
$707,450 3,495 2.5 - 5 acres 3 3 17 2 1 28
$529,000 2,500 5 - 10 acres 4 3 11 2 1 14