Tue Sep 27 2022
This week the median list price for Belen, NM 87002 is $279,400 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 66.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$279,400|
|Median Price of New Listings||$264,450|
|Per Square Foot||$156|
|Average Days on Market||69|
|Median Days on Market||35|
|Slight Seller's Advantage|
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$377,900||2,481||1 - 2.5 acres||4||3||15||1||0||49|
|$299,950||1,841||6,500 - 8,000 sqft||3||2||3||1||2||24|
|$269,900||1,598||6,500 - 8,000 sqft||3||2||26||4||2||49|
|$198,000||1,552||0.25 - 0.5 acre||2||2||49||4||3||21|