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

Wed Jun 07 2023
This week the median list price for Sandia Park, NM 87047 is $695,900 with the market action index hovering around 36. This is less than last month's market action index of 44. Inventory has increased to 15. 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.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Sandia Park, NM 87047

Wed Jun 07 2023
This week the median list price for Sandia Park, NM 87047 is $695,900 with the market action index hovering around 36. This is less than last month's market action index of 44. Inventory has increased to 15. 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.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Sandia Park market.
Median List Price $695,900
Median Price of New Listings $995,000
Per Square Foot $258
Average Days on Market 114
Median Days on Market 35
Price Decreased 47%
Price Increased 0%
Relisted 13%
Inventory 15
Median Rent
Market Action 36
Slight Seller's Advantage

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$1,045,000 4,257 10 - 20 acres 4 4 18 2 0 0
$825,000 3,285 1 - 2.5 acres 3 3 16 1 0 28
$554,500 2,259 2.5 - 5 acres 4 2 21 0 0 49
$347,000 1,688 0.5 - 1 acre 2 2 38 0 0 45