Market Conditions Report

Los Lunas, NM 87031

Single-Family Homes

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Los Lunas, NM 87031

Thu Sep 16 2021
This week the median list price for Los Lunas, NM 87031 is $315,000 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has held steady at or around 59. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Thu Sep 16 2021
This week the median list price for Los Lunas, NM 87031 is $315,000 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has held steady at or around 59. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $315,000
Median Price of New Listings $261,490
Per Square Foot $156
Average Days on Market 59
Median Days on Market 35
Price Decreased 29%
Price Increased 3%
Relisted 3%
Inventory 59
Median Rent $700
Market Action 59
Strong Seller's Market

We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly 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
$732,000 3,425 1 - 2.5 acres 4 3 18 2 2 56
$360,000 2,396 6,500 - 8,000 sqft 3 3 11 1 1 35
$289,000 1,822 8,000 - 10,000 sqft 3 2 14 4 1 21
$240,000 1,560 8,000 - 10,000 sqft 3 2 26 6 4 7