Is Los Lunas, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Los Lunas has remained a Seller's Market.
Housing Prices in Los Lunas, NM
How much do homes in Los Lunas, NM cost?
Median Sold Price
$305,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Los Lunas was $305,000 in April 2024, up 1.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $44K | $295K | +570.5% |
2 Bedrooms | $264.9K | $270K | +1.9% |
3 Bedrooms | $283K | $297.4K | +5.1% |
4 Bedrooms | $345K | $342.4K | -0.7% |
5+ Bedrooms | $400K | $372K | -7.0% |
Summary: Los Lunas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 570.5%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
Peralta | $373K | $481K | +29.0% |
Los Lunas | $299.9K | $305K | +1.7% |
Housing Supply in Los Lunas, NM
How many homes are available in Los Lunas, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
192 | 177 | -7.8% |
Summary: The Los Lunas real estate market had 177 homes for sale in April 2024, a 7.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 22 | 24 | +9.1% |
3 Bedrooms | 117 | 106 | -9.4% |
4 Bedrooms | 42 | 36 | -14.3% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Los Lunas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 49 | +11.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Los Lunas in April 2024, up by 11.4% month-over-month. Of the 49 sold homes, 49% were sold under asking, 33% were sold at asking, and 18% were sold over asking.
Days on Market for Los Lunas, NM
How long does it take to sell a home in Los Lunas, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 49 Days | +22.0% |
Summary: Homes in Los Lunas had an average of 49 days on market in Apr 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in Los Lunas; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.