Market Conditions Report

Bernalillo, NM 87004

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com



Bernalillo, NM 87004

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. Click here to stay informed with the Bernalillo market!

Market Action Index

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Bernalillo, NM 87004

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. Click here to stay informed with the Bernalillo market!

Market Action Index

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Bernalillo market.
Median List Price $342,900
Per Square Foot $158
Days on Market 280
Price Decreased 25%
Price Increased 0%
Relisted 10%
Inventory 20
Median Rent
Most Expensive $2,450,000
Least Expensive $250,000
Market Action 42
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.

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
$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