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 Dec 11 2023
This week the median list price for Belen, NM 87002 is $285,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 53. Click here to stay informed with the Belen market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Belen, NM 87002

Mon Dec 11 2023
This week the median list price for Belen, NM 87002 is $285,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 53. Click here to stay informed with the Belen market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Belen market.
Median List Price $285,000
Median Price of New Listings $276,900
Per Square Foot $185
Average Days on Market 111
Median Days on Market 70
Price Decreased 38%
Price Increased 26%
Relisted 4%
Inventory 53
Median Rent
Market Action 40
Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

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
$575,000 2,424 2.5 - 5 acres 3 3 36 1 2 105
$299,900 1,841 6,500 - 8,000 sqft 4 2 2 0 2 70
$276,900 1,362 6,500 - 8,000 sqft 3 2 0 2 2 28
$223,500 1,457 0.25 - 0.5 acre 3 2 58 2 0 59