Market Conditions Report

Los Lunas, NM 87031

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Los Lunas, NM 87031

Tue Aug 09 2022
This week the median list price for Los Lunas, NM 87031 is $379,450 with the market action index hovering around 42. This is less than last month's market action index of 48. Inventory has increased to 86. Click here to stay informed with the Los Lunas 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.

Los Lunas, NM 87031

Tue Aug 09 2022
This week the median list price for Los Lunas, NM 87031 is $379,450 with the market action index hovering around 42. This is less than last month's market action index of 48. Inventory has increased to 86. Click here to stay informed with the Los Lunas 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 Los Lunas market.
Median List Price $379,450
Median Price of New Listings $343,900
Per Square Foot $195
Average Days on Market 59
Median Days on Market 49
Price Decreased 34%
Price Increased 15%
Relisted 7%
Inventory 86
Median Rent
Market Action 42
Slight Seller's Advantage

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$545,900 2,750 1 - 2.5 acres 3 2.5 11 0 3 63
$424,900 2,050 8,000 - 10,000 sqft 4 3 0 1 4 35
$356,095 1,794 4,500 - 6,500 sqft 3 2.8 3 4 5 56
$262,500 1,570 0.25 - 0.5 acre 3 2 25 2 6 21