Market Conditions Report

Los Lunas, NM 87031

Single-Family Homes

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Los Lunas, NM 87031

Wed Oct 20 2021
This week the median list price for Los Lunas, NM 87031 is $341,450 with the market action index hovering around 58. This is less than last month's market action index of 61. Inventory has held steady at or around 58. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Los Lunas, NM 87031

Wed Oct 20 2021
This week the median list price for Los Lunas, NM 87031 is $341,450 with the market action index hovering around 58. This is less than last month's market action index of 61. Inventory has held steady at or around 58. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Los Lunas market.
Median List Price $341,450
Median Price of New Listings $342,000
Per Square Foot $167
Average Days on Market 69
Median Days on Market 28
Price Decreased 33%
Price Increased 10%
Relisted 5%
Inventory 58
Median Rent $700
Market Action 58
Strong Seller's Market

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$700,000 3,425 1 - 2.5 acres 4 3 15 2 1 91
$378,154 2,310 8,000 - 10,000 sqft 3 2 11 4 4 21
$309,000 1,946 8,000 - 10,000 sqft 3 2 14 4 2 49
$274,030 1,565 8,000 - 10,000 sqft 3 2 11 2 4 21