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 Jul 26 2024
This week the median list price for Sandia Park, NM 87047 is $780,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has increased to 34.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $780,000 | |
| Median Price of New Listings | $780,000 | |
| Per Square Foot | $246 | |
| Average Days on Market | 93 | |
| Median Days on Market | 53 | |
| Price Decreased | 44% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 34 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,237,500 | 4,983 | 5 - 10 acres | 4 | 4 | 18 | 0 | 0 | 203 |
| $887,250 | 3,450 | 1 - 2.5 acres | 4 | 3 | 18 | 1 | 0 | 38 |
| $750,000 | 2,929 | 2.5 - 5 acres | 4 | 3 | 21 | 2 | 0 | 28 |
| $500,000 | 2,638 | 1 - 2.5 acres | 4 | 3 | 35 | 2 | 2 | 70 |