Real-Time Real Estate Market Report

Bernalillo, NM 87004

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Bernalillo, NM 87004

Fri Jun 21 2024
This week the median list price for Bernalillo, NM 87004 is $389,500 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has increased to 16. 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

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.

Bernalillo, NM 87004

Fri Jun 21 2024
This week the median list price for Bernalillo, NM 87004 is $389,500 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has increased to 16. 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

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 Bernalillo market.
Median List Price $389,500
Median Price of New Listings $315,000
Per Square Foot $225
Average Days on Market 78
Median Days on Market 18
Price Decreased 31%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 43
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$799,500 4,039 0.25 - 0.5 acre 4 4 18 0 0 84
$504,947 2,029 4,500 - 6,500 sqft 3 2.5 17 0 0 77
$350,000 1,451 4,500 - 6,500 sqft 2 2 15 2 0 3
$281,000 1,511 0.25 - 0.5 acre 2 2 22 1 0 7