Real-Time Real Estate Market Report
Belen, NM 87002
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Belen, NM 87002
Mon May 25 2026
This week the median list price for Belen, NM 87002 is $322,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 55.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $322,900 | |
| Median Price of New Listings | $332,900 | |
| Per Square Foot | $192 | |
| Average Days on Market | 123 | |
| Median Days on Market | 63 | |
| Price Decreased | 16% | |
| Price Increased | 2% | |
| Relisted | 4% | |
| Inventory | 55 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. 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 |
|---|---|---|---|---|---|---|---|---|
| $457,750 | 2,309 | 2.5 - 5 acres | 3 | 2.3 | 28 | 1 | 0 | 133 |
| $337,450 | 1,840 | 8,000 - 10,000 sqft | 3 | 2 | 14 | 2 | 1 | 52 |
| $307,400 | 1,362 | 6,500 - 8,000 sqft | 3 | 2 | 0 | 1 | 2 | 91 |
| $265,000 | 1,667 | 8,000 - 10,000 sqft | 3 | 2 | 53 | 1 | 1 | 35 |