Fri Oct 30 2020
This week the median list price for Belen, NM 87002 is $250,000 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has held steady at or around 29.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$250,000|
|Per Square Foot||$113|
|Days on Market||222|
|Strong Seller's Market|
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$550,000||2,693||5 - 10 acres||3||3||27||1||2||464|
|$370,000||2,168||1 - 2.5 acres||3||2||22||1||2||214|
|$183,500||1,783||8,000 - 10,000 sqft||3||2||30||2||3||91|
|$115,950||1,436||8,000 - 10,000 sqft||3||2||38||0||1||130|