Tue Aug 11 2020
This week the median list price for Bernalillo, NM 87004 is $342,900 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has held steady at or around 20.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$342,900|
|Per Square Foot||$158|
|Days on Market||280|
|Slight Seller's Advantage|
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$700,000||4,471||1 - 2.5 acres||4||5||16||1||1||625|
|$379,990||2,609||0.25 - 0.5 acre||3||3||12||2||0||380|
|$309,000||2,017||4,500 - 6,500 sqft||3||2||10||1||0||36|
|$270,990||1,701||4,500 - 6,500 sqft||3||2||0||1||1||75|