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

Sun May 26 2024
This week the median list price for Los Lunas, NM 87031 is $375,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 110. 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 started cooling and prices have been flat for several weeks. Since 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

Sun May 26 2024
This week the median list price for Los Lunas, NM 87031 is $375,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 110. 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 started cooling and prices have been flat for several weeks. Since 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 $375,000
Median Price of New Listings $352,450
Per Square Foot $215
Average Days on Market 68
Median Days on Market 49
Price Decreased 35%
Price Increased 15%
Relisted 7%
Inventory 110
Median Rent
Market Action 41
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
$630,000 2,746 1 - 2.5 acres 4 3 28 2 2 91
$399,900 1,907 8,000 - 10,000 sqft 3 2 1 3 4 49
$350,445 1,634 4,500 - 6,500 sqft 3 2 1 3 6 35
$290,000 1,433 4,500 - 6,500 sqft 3 2 18 4 4 28