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

Wed Jan 15 2025
This week the median list price for Sandia Park, NM 87047 is $689,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 25. 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

Market Narrative

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

Wed Jan 15 2025
This week the median list price for Sandia Park, NM 87047 is $689,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 25. 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

Market Narrative

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 $689,000
Median Price of New Listings $445,000
Per Square Foot $239
Average Days on Market 147
Median Days on Market 105
Price Decreased 48%
Price Increased 0%
Relisted 12%
Inventory 25
Median Rent
Market Action 32
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
$1,050,000 3,880 1 - 2.5 acres 3 4 17 0 0 192
$777,500 3,023 10 - 20 acres 4 3 23 0 1 66
$662,450 2,881 2.5 - 5 acres 3 3 35 0 0 119
$445,000 2,562 1 - 2.5 acres 3 3 44 1 0 105