Real-Time Real Estate Market Report

Los Lunas, NM 87031

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Los Lunas, NM 87031

Mon Dec 02 2024
This week the median list price for Los Lunas, NM 87031 is $379,990 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 149. 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

Market Narrative

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

Mon Dec 02 2024
This week the median list price for Los Lunas, NM 87031 is $379,990 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 149. 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

Market Narrative

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 $379,990
Median Price of New Listings $365,945
Per Square Foot $213
Average Days on Market 82
Median Days on Market 49
Price Decreased 34%
Price Increased 16%
Relisted 7%
Inventory 149
Median Rent
Market Action 35
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$599,900 2,750 1 - 2.5 acres 4 2.5 22 0 1 91
$412,308 1,907 6,500 - 8,000 sqft 3 2 0 2 0 35
$359,900 1,712 6,500 - 8,000 sqft 3 2 2 3 2 28
$315,000 1,478 4,500 - 6,500 sqft 3 2 6 3 7 45