Single-Family Homes
Thu Feb 06 2025
This week the median list price for Los Lunas, NM 87031 is $374,900 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has decreased to 145.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Median List Price | $374,900 | |
Median Price of New Listings | $337,000 | |
Per Square Foot | $213 | |
Average Days on Market | 108 | |
Median Days on Market | 77 | |
Price Decreased | 43% | |
Price Increased | 23% | |
Relisted | 4% | |
Inventory | 145 | |
Median Rent | ||
Market Action | 30 | |
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.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$525,000 | 2,535 | 1 - 2.5 acres | 3 | 3 | 19 | 2 | 5 | 112 |
$411,722 | 1,902 | 4,500 - 6,500 sqft | 4 | 2 | 1 | 0 | 3 | 84 |
$359,900 | 1,670 | 4,500 - 6,500 sqft | 3 | 2 | 1 | 2 | 4 | 63 |
$309,999 | 1,461 | 6,500 - 8,000 sqft | 3 | 2 | 7 | 6 | 5 | 70 |