Market Conditions Report

Belen, NM 87002

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Belen, NM 87002

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. 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

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.

Belen, NM 87002

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. 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

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.

Real-Time Market Profile

Never miss important changes in the Belen market.
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
Price Decreased 44%
Price Increased 9%
Relisted 6%
Inventory 66
Median Rent
Market Action 41
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.

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
$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