Market Conditions Report

Sandia Park, NM 87047

Single-Family Homes

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Sandia Park, NM 87047

Wed Mar 03 2021
This week the median list price for Sandia Park, NM 87047 is $799,950 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 10. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Sandia Park, NM 87047

Wed Mar 03 2021
This week the median list price for Sandia Park, NM 87047 is $799,950 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 10. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Sandia Park market.
Median List Price $799,950
Per Square Foot $202
Days on Market 84
Price Decreased 10%
Price Increased 0%
Relisted 20%
Inventory 10
Median Rent
Most Expensive $3,500,000
Least Expensive $140,000
Market Action 49
Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

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
$3,425,000 6,915 N/A 4 4 16 0 0 150
$870,000 2,882 2.5 - 5 acres 3 3 4 1 0 3
$774,900 4,225 2.5 - 5 acres 4 4 16 1 1 91
$449,000 3,120 2.5 - 5 acres 3 3 26 0 1 133