Market Conditions Report

Los Lunas, NM 87031

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Los Lunas, NM 87031

Tue Nov 29 2022
This week the median list price for Los Lunas, NM 87031 is $349,990 with the market action index hovering around 38. This is less than last month's market action index of 43. Inventory has increased to 117. 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 Nov 29 2022
This week the median list price for Los Lunas, NM 87031 is $349,990 with the market action index hovering around 38. This is less than last month's market action index of 43. Inventory has increased to 117. 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 $349,990
Median Price of New Listings $322,450
Per Square Foot $180
Average Days on Market 74
Median Days on Market 49
Price Decreased 44%
Price Increased 2%
Relisted 8%
Inventory 117
Median Rent
Market Action 38
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$484,000 2,607 0.25 - 0.5 acre 3 2.5 1 1 0 154
$372,090 2,132 6,500 - 8,000 sqft 4 3 2 6 0 35
$329,900 1,845 6,500 - 8,000 sqft 3 2 5 8 2 42
$268,950 1,500 4,500 - 6,500 sqft 3 2 19 9 2 28