Market Conditions Report

Edgewood, NM 87015

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Edgewood, NM 87015

Tue Sep 27 2022
This week the median list price for Edgewood, NM 87015 is $365,000 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has decreased to 27. Click here to stay informed with the Edgewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Edgewood, NM 87015

Tue Sep 27 2022
This week the median list price for Edgewood, NM 87015 is $365,000 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has decreased to 27. Click here to stay informed with the Edgewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Edgewood market.
Median List Price $365,000
Median Price of New Listings $385,000
Per Square Foot $196
Average Days on Market 78
Median Days on Market 49
Price Decreased 41%
Price Increased 7%
Relisted 15%
Inventory 27
Median Rent
Market Action 59
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$607,000 2,677 1 - 2.5 acres 4 3 22 1 2 49
$425,000 2,160 1 - 2.5 acres 3 2 26 3 3 70
$300,000 1,568 2.5 - 5 acres 3 2 24 1 1 14
$198,000 1,254 5 - 10 acres 3 2 27 0 0 49