Market Conditions Report

Bernalillo, NM 87004

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Bernalillo, NM 87004

Tue Sep 27 2022
This week the median list price for Bernalillo, NM 87004 is $409,000 with the market action index hovering around 58. This is an increase over last month's market action index of 54. Inventory has decreased to 9. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Bernalillo, NM 87004

Tue Sep 27 2022
This week the median list price for Bernalillo, NM 87004 is $409,000 with the market action index hovering around 58. This is an increase over last month's market action index of 54. Inventory has decreased to 9. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Bernalillo market.
Median List Price $409,000
Median Price of New Listings $352,000
Per Square Foot $211
Average Days on Market 67
Median Days on Market 42
Price Decreased 89%
Price Increased 0%
Relisted 22%
Inventory 9
Median Rent
Market Action 58
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$610,000 2,704 0.25 - 0.5 acre 4 3 12 0 0 66
$471,950 2,995 0.25 - 0.5 acre 3 2 57 0 1 147
$396,950 2,304 4,500 - 6,500 sqft 3 2.5 14 1 1 66
$330,000 1,600 4,500 - 6,500 sqft 3 2 12 1 0 14