Market Conditions Report

Tijeras, NM 87059

Single-Family Homes

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Tijeras, NM 87059

Sat Nov 27 2021
This week the median list price for Tijeras, NM 87059 is $445,000 with the market action index hovering around 59. This is less than last month's market action index of 61. Inventory has decreased to 19. Click here to stay informed with the Tijeras market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Tijeras, NM 87059

Sat Nov 27 2021
This week the median list price for Tijeras, NM 87059 is $445,000 with the market action index hovering around 59. This is less than last month's market action index of 61. Inventory has decreased to 19. Click here to stay informed with the Tijeras market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Tijeras market.
Median List Price $445,000
Median Price of New Listings $430,000
Per Square Foot $202
Average Days on Market 56
Median Days on Market 49
Price Decreased 47%
Price Increased 0%
Relisted 16%
Inventory 19
Median Rent
Market Action 59
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$864,500 3,307 1 - 2.5 acres 4 3.5 12 0 0 49
$574,900 2,431 1 - 2.5 acres 3 2 13 2 0 14
$420,000 2,484 5 - 10 acres 3 3 34 0 0 70
$365,000 2,388 1 - 2.5 acres 4 2 35 2 2 49