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

Sat Apr 13 2024
This week the median list price for Los Lunas, NM 87031 is $395,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 89. 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

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

Sat Apr 13 2024
This week the median list price for Los Lunas, NM 87031 is $395,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 89. 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

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 $395,000
Median Price of New Listings $272,500
Per Square Foot $214
Average Days on Market 94
Median Days on Market 56
Price Decreased 34%
Price Increased 10%
Relisted 6%
Inventory 89
Median Rent
Market Action 42
Slight Seller's Advantage

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.

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
$713,950 2,882 1 - 2.5 acres 4 3 31 0 0 94
$427,449 1,907 8,000 - 10,000 sqft 3 2 1 0 2 49
$375,000 1,962 6,500 - 8,000 sqft 4 2 3 1 2 38
$315,000 1,515 4,500 - 6,500 sqft 3 2 5 5 9 21