Market Conditions Report

Los Lunas, NM 87031

Single-Family Homes

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Los Lunas, NM 87031

Tue May 11 2021
This week the median list price for Los Lunas, NM 87031 is $322,000 with the market action index hovering around 66. This is an increase over last month's market action index of 61. Inventory has increased to 38. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Los Lunas, NM 87031

Tue May 11 2021
This week the median list price for Los Lunas, NM 87031 is $322,000 with the market action index hovering around 66. This is an increase over last month's market action index of 61. Inventory has increased to 38. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Los Lunas market.
Median List Price $322,000
Median Price of New Listings $299,000
Per Square Foot $154
Average Days on Market 54
Median Days on Market 14
Price Decreased 13%
Price Increased 11%
Relisted 8%
Inventory 38
Median Rent $700
Market Action 66
Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$649,900 3,506 1 - 2.5 acres 4 3 13 2 0 91
$410,000 2,543 8,000 - 10,000 sqft 4 3 4 2 3 35
$298,750 2,063 0.25 - 0.5 acre 3 3 13 7 3 0
$247,000 1,602 6,500 - 8,000 sqft 3 2 12 4 7 10