Real-Time Real Estate Market Report

Belen, NM 87002

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Belen, NM 87002

Fri May 09 2025
This week the median list price for Belen, NM 87002 is $320,000 with the market action index hovering around 44. This is an increase over last month's market action index of 41. Inventory has decreased to 49. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Belen, NM 87002

Fri May 09 2025
This week the median list price for Belen, NM 87002 is $320,000 with the market action index hovering around 44. This is an increase over last month's market action index of 41. Inventory has decreased to 49. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Belen market.
Median List Price $320,000
Median Price of New Listings $297,900
Per Square Foot $201
Average Days on Market 130
Median Days on Market 56
Price Decreased 37%
Price Increased 6%
Relisted 8%
Inventory 49
Median Rent
Market Action 44
Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$498,000 2,460 1 - 2.5 acres 3 2.3 40 0 0 227
$343,450 1,884 0.5 - 1 acre 3 2 16 3 0 38
$308,900 1,476 6,500 - 8,000 sqft 3 2 3 1 2 17
$265,000 1,436 6,500 - 8,000 sqft 3 2 43 4 4 63