Market Conditions Report

Los Lunas, NM 87031

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Los Lunas, NM 87031

Mon Jun 21 2021
This week the median list price for Los Lunas, NM 87031 is $410,000 with the market action index hovering around 68. This is an increase over last month's market action index of 66. Inventory has decreased to 37. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Los Lunas, NM 87031

Mon Jun 21 2021
This week the median list price for Los Lunas, NM 87031 is $410,000 with the market action index hovering around 68. This is an increase over last month's market action index of 66. Inventory has decreased to 37. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Los Lunas market.
Median List Price $410,000
Median Price of New Listings $378,340
Per Square Foot $162
Average Days on Market 58
Median Days on Market 28
Price Decreased 27%
Price Increased 8%
Relisted 16%
Inventory 37
Median Rent $700
Market Action 68
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$715,000 3,800 1 - 2.5 acres 4 3 17 2 2 49
$443,700 2,737 0.5 - 1 acre 3 3 13 2 1 21
$360,000 2,460 0.25 - 0.5 acre 3 2 6 3 6 21
$247,500 1,585 6,500 - 8,000 sqft 3 2 16 3 4 21