Market Conditions Report

Los Lunas, NM 87031

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Los Lunas, NM 87031

Tue Sep 27 2022
This week the median list price for Los Lunas, NM 87031 is $379,650 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 92. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Tue Sep 27 2022
This week the median list price for Los Lunas, NM 87031 is $379,650 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 92. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $379,650
Median Price of New Listings $262,500
Per Square Foot $190
Average Days on Market 65
Median Days on Market 53
Price Decreased 36%
Price Increased 9%
Relisted 4%
Inventory 92
Median Rent
Market Action 40
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$556,900 2,607 0.5 - 1 acre 3 3 1 1 1 112
$400,000 2,050 6,500 - 8,000 sqft 3 2 0 1 0 56
$352,290 1,940 6,500 - 8,000 sqft 3 3 16 1 5 35
$245,000 1,421 0.25 - 0.5 acre 3 2 27 5 7 28