Mon Dec 04 2023
This week the median list price for Bernalillo, NM 87004 is $399,450 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 14.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$399,450|
|Median Price of New Listings||$457,450|
|Per Square Foot||$231|
|Average Days on Market||70|
|Median Days on Market||53|
|Slight Seller's Advantage|
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move 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|
|$649,995||2,512||1 - 2.5 acres||3||3||55||0||0||168|
|$430,000||1,867||4,500 - 6,500 sqft||3||2||9||1||1||21|
|$389,450||1,486||4,500 - 6,500 sqft||2||2||16||1||0||21|
|$334,950||1,696||4,500 - 6,500 sqft||3||2.5||12||0||1||70|