Real-Time Real Estate Market Report

Bernalillo, NM 87004

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Bernalillo, NM 87004

Tue May 28 2024
This week the median list price for Bernalillo, NM 87004 is $675,000 with the market action index hovering around 46. This is less than last month's market action index of 53. Inventory has decreased to 9. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Bernalillo, NM 87004

Tue May 28 2024
This week the median list price for Bernalillo, NM 87004 is $675,000 with the market action index hovering around 46. This is less than last month's market action index of 53. Inventory has decreased to 9. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Bernalillo market.
Median List Price $675,000
Median Price of New Listings $394,950
Per Square Foot $220
Average Days on Market 119
Median Days on Market 63
Price Decreased 56%
Price Increased 0%
Relisted 11%
Inventory 9
Median Rent
Market Action 46
Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

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
$920,000 6,152 2.5 - 5 acres 4 4 46 0 0 252
$747,500 3,534 6,500 - 8,000 sqft 4 4 16 0 0 35
$647,000 2,314 0.5 - 1 acre 3 3.5 33 0 0 227
$409,900 1,863 4,500 - 6,500 sqft 3 2 17 2 1 0