Real-Time Real Estate Market Report

Sandia Park, NM 87047

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Sandia Park, NM 87047

Thu Sep 21 2023
This week the median list price for Sandia Park, NM 87047 is $676,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has increased to 17. Click here to stay informed with the Sandia Park market!

Market Action Index

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

Strong Seller's Market

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.

Sandia Park, NM 87047

Thu Sep 21 2023
This week the median list price for Sandia Park, NM 87047 is $676,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has increased to 17. Click here to stay informed with the Sandia Park market!

Market Action Index

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

Strong Seller's Market

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 Sandia Park market.
Median List Price $676,000
Median Price of New Listings $0
Per Square Foot $213
Average Days on Market 67
Median Days on Market 49
Price Decreased 71%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 45
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$2,292,500 5,624 10 - 20 acres 4 4.5 16 0 0 59
$734,500 3,182 2.5 - 5 acres 4 3 21 0 0 161
$562,000 2,754 2.5 - 5 acres 3 3.5 26 0 1 28
$350,000 2,271 1 - 2.5 acres 3 2 42 0 2 42