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

Thu Jun 08 2023
This week the median list price for Los Lunas, NM 87031 is $359,900 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 107. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Los Lunas, NM 87031

Thu Jun 08 2023
This week the median list price for Los Lunas, NM 87031 is $359,900 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 107. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Lunas market.
Median List Price $359,900
Median Price of New Listings $354,900
Per Square Foot $196
Average Days on Market 65
Median Days on Market 35
Price Decreased 21%
Price Increased 10%
Relisted 5%
Inventory 107
Median Rent
Market Action 47
Strong Seller's Market

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
$614,950 2,728 1 - 2.5 acres 3 3 6 2 2 42
$375,900 2,102 4,500 - 6,500 sqft 3 2 1 1 3 63
$330,900 1,715 4,500 - 6,500 sqft 3 2 7 3 2 28
$286,480 1,434 6,500 - 8,000 sqft 3 2 0 1 5 21