Single-Family Homes
Sat Jul 27 2024
This week the median list price for Bernalillo, NM 87004 is $472,500 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 19.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.
Median List Price | $472,500 | |
Median Price of New Listings | $424,750 | |
Per Square Foot | $239 | |
Average Days on Market | 86 | |
Median Days on Market | 42 | |
Price Decreased | 58% | |
Price Increased | 0% | |
Relisted | 0% | |
Inventory | 19 | |
Median Rent | ||
Market Action | 38 | |
Slight Seller's Advantage |
Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$894,500 | 4,185 | 2.5 - 5 acres | 4 | 3.5 | 18 | 0 | 1 | 91 |
$515,000 | 2,194 | 4,500 - 6,500 sqft | 3 | 3 | 17 | 1 | 0 | 7 |
$465,000 | 1,789 | 4,500 - 6,500 sqft | 2 | 2 | 16 | 0 | 1 | 28 |
$299,000 | 1,692 | 0.5 - 1 acre | 3 | 2 | 29 | 1 | 1 | 42 |