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

Sat Sep 07 2024
This week the median list price for Sandia Park, NM 87047 is $738,000 with the market action index hovering around 33. This is an increase over last month's market action index of 28. Inventory has decreased to 29. 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

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.

Sandia Park, NM 87047

Sat Sep 07 2024
This week the median list price for Sandia Park, NM 87047 is $738,000 with the market action index hovering around 33. This is an increase over last month's market action index of 28. Inventory has decreased to 29. 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

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 Sandia Park market.
Median List Price $738,000
Median Price of New Listings $682,500
Per Square Foot $237
Average Days on Market 105
Median Days on Market 70
Price Decreased 45%
Price Increased 0%
Relisted 17%
Inventory 29
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,200,000 5,060 10 - 20 acres 4 3 19 0 2 147
$799,000 3,234 1 - 2.5 acres 4 3 19 2 2 70
$679,900 3,052 5 - 10 acres 4 3 37 0 1 35
$545,950 2,251 1 - 2.5 acres 4 3 27 2 1 66