Market Conditions Report

Sandia Park, NM 87047

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Sandia Park, NM 87047

Tue Sep 27 2022
This week the median list price for Sandia Park, NM 87047 is $695,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Sandia Park, NM 87047

Tue Sep 27 2022
This week the median list price for Sandia Park, NM 87047 is $695,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Sandia Park market.
Median List Price $695,000
Median Price of New Listings $0
Per Square Foot $245
Average Days on Market 110
Median Days on Market 63
Price Decreased 59%
Price Increased 6%
Relisted 6%
Inventory 17
Median Rent
Market Action 40
Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$1,712,500 5,953 10 - 20 acres 4 4.5 11 0 0 101
$1,047,497 3,532 1 - 2.5 acres 4 3.5 15 0 1 91
$537,500 2,621 1 - 2.5 acres 3 3 20 0 2 70
$335,000 1,688 0.5 - 1 acre 3 2 44 0 1 28