Market Conditions Report

Bernalillo, NM 87004

Single-Family Homes

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Bernalillo, NM 87004

Sat Nov 27 2021
This week the median list price for Bernalillo, NM 87004 is $595,000 with the market action index hovering around 47. This is an increase over last month's market action index of 42. Inventory has increased to 8. 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.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Bernalillo, NM 87004

Sat Nov 27 2021
This week the median list price for Bernalillo, NM 87004 is $595,000 with the market action index hovering around 47. This is an increase over last month's market action index of 42. Inventory has increased to 8. 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.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Bernalillo market.
Median List Price $595,000
Median Price of New Listings $820,000
Per Square Foot $223
Average Days on Market 51
Median Days on Market 25
Price Decreased 25%
Price Increased 25%
Relisted 0%
Inventory 8
Median Rent
Market Action 47
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,225,000 10,689 2.5 - 5 acres 6 6.5 15 1 0 105
$824,500 3,259 0.5 - 1 acre 3 3.5 23 0 1 63
$432,500 1,977 0.25 - 0.5 acre 3 2 10 1 2 14
$309,995 1,522 4,500 - 6,500 sqft 3 2 5 0 2 21