Market Conditions Report

Los Lunas, NM 87031

Single-Family Homes

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Los Lunas, NM 87031

Sun Mar 07 2021
This week the median list price for Los Lunas, NM 87031 is $335,750 with the market action index hovering around 57. This is an increase over last month's market action index of 52. Inventory has held steady at or around 41. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Los Lunas, NM 87031

Sun Mar 07 2021
This week the median list price for Los Lunas, NM 87031 is $335,750 with the market action index hovering around 57. This is an increase over last month's market action index of 52. Inventory has held steady at or around 41. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Los Lunas market.
Median List Price $335,750
Per Square Foot $157
Days on Market 35
Price Decreased 17%
Price Increased 7%
Relisted 7%
Inventory 41
Median Rent $700
Most Expensive $1,650,000
Least Expensive $99,900
Market Action 57
Strong Seller's Market

We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.

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
$462,450 2,567 1 - 2.5 acres 4 3 1 1 0 56
$357,450 2,712 8,000 - 10,000 sqft 3 3 4 3 1 10
$312,750 1,876 8,000 - 10,000 sqft 3 2 1 1 2 21
$203,600 1,460 6,500 - 8,000 sqft 2 2 26 6 3 77