Thu Mar 23 2023
This week the median list price for Belen, NM 87002 is $301,900 with the market action index hovering around 42. This is an increase over last month's market action index of 37. Inventory has decreased to 45.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$301,900|
|Median Price of New Listings||$261,900|
|Per Square Foot||$180|
|Average Days on Market||108|
|Median Days on Market||63|
|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|
|$772,000||2,239||5 - 10 acres||3||3||35||2||2||98|
|$335,900||2,481||6,500 - 8,000 sqft||4||3||1||0||0||63|
|$279,900||1,515||6,500 - 8,000 sqft||3||2||1||0||0||133|
|$234,950||1,344||6,500 - 8,000 sqft||3||2||7||3||5||24|