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 Feb 21 2024
This week the median list price for Sandia Park, NM 87047 is $750,000 with the market action index hovering around 34. This is less than last month's market action index of 37. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Sandia Park, NM 87047

Wed Feb 21 2024
This week the median list price for Sandia Park, NM 87047 is $750,000 with the market action index hovering around 34. This is less than last month's market action index of 37. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Sandia Park market.
Median List Price $750,000
Median Price of New Listings $750,000
Per Square Foot $253
Average Days on Market 114
Median Days on Market 126
Price Decreased 29%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 34
Slight Seller's Advantage

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
$2,269,500 5,624 10 - 20 acres 4 4.5 14 0 0 182
$987,500 4,505 2.5 - 5 acres 4 4.5 18 1 0 129
$637,500 2,463 2.5 - 5 acres 4 2 29 2 0 42
$410,000 1,974 1 - 2.5 acres 3 2 44 0 0 70