Real-Time Real Estate Market Report

Bernalillo, NM 87004

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Bernalillo, NM 87004

Sat Jul 27 2024
This week the median list price for Bernalillo, NM 87004 is $472,500 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 19. Click here to stay informed with the Bernalillo market!

Market Action Index

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

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Bernalillo, NM 87004

Sat Jul 27 2024
This week the median list price for Bernalillo, NM 87004 is $472,500 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 19. Click here to stay informed with the Bernalillo market!

Market Action Index

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

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Bernalillo market.
Median List Price $472,500
Median Price of New Listings $424,750
Per Square Foot $239
Average Days on Market 86
Median Days on Market 42
Price Decreased 58%
Price Increased 0%
Relisted 0%
Inventory 19
Median Rent
Market Action 38
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
$894,500 4,185 2.5 - 5 acres 4 3.5 18 0 1 91
$515,000 2,194 4,500 - 6,500 sqft 3 3 17 1 0 7
$465,000 1,789 4,500 - 6,500 sqft 2 2 16 0 1 28
$299,000 1,692 0.5 - 1 acre 3 2 29 1 1 42