Mon May 17 2021
This week the median list price for Belen, NM 87002 is $258,450 with the market action index hovering around 63. This is an increase over last month's market action index of 55. Inventory has decreased to 20.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$258,450|
|Median Price of New Listings||$120,000|
|Per Square Foot||$126|
|Average Days on Market||140|
|Median Days on Market||39|
|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|
|$398,000||3,300||1 - 2.5 acres||3||3||59||1||1||91|
|$300,900||2,034||0 - 4,500 sqft||3||3||0||0||2||28|
|$230,000||1,693||8,000 - 10,000 sqft||2||2||66||0||1||119|
|$100,000||1,135||6,500 - 8,000 sqft||1||1||68||2||2||14|