Real-Time Real Estate Market Report

Los Lunas, NM 87031

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Los Lunas, NM 87031

Sat Feb 04 2023
This week the median list price for Los Lunas, NM 87031 is $346,575 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 122. Click here to stay informed with the Los Lunas market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Lunas, NM 87031

Sat Feb 04 2023
This week the median list price for Los Lunas, NM 87031 is $346,575 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 122. Click here to stay informed with the Los Lunas market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Lunas market.
Median List Price $346,575
Median Price of New Listings $311,400
Per Square Foot $188
Average Days on Market 80
Median Days on Market 49
Price Decreased 45%
Price Increased 2%
Relisted 10%
Inventory 122
Median Rent
Market Action 34
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$501,800 2,521 0.25 - 0.5 acre 3 3 4 3 0 87
$374,900 2,050 6,500 - 8,000 sqft 3 2 5 4 1 17
$324,000 1,845 4,500 - 6,500 sqft 3 3 5 4 3 70
$284,900 1,461 6,500 - 8,000 sqft 3 2 15 9 10 14