Sandia Park, NM Home Values & Market Trends
Real estate market trends reflect that there have been 75 transactions over the past year in Sandia Park. The median value for residential home transactions that occurred over the previous year is $435,993.02. The number of current listings in Sandia Park is 15, and the percentage of properties for sale in the city is 15.00%. Sandia Park, NM currently has 1 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 15 properties for sale.
Sandia Park, NM Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 87047 | $ 655,000 $ 253/sqft |
Housing Market Summary for Sandia Park, NM
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $703.5K | $385.4K | -45.21% |
| Median Sold Price | $482.6K | $385.4K | -20.13% |
| Homes For Sale | 10 | 12 | 20.00% |
| Homes Sold | 49 | 37 | -24.49% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Sandia Park, NM
Browse Homes in Sandia Park, NM
Sandia Park home values range from $30,497 to $2,309,587. The median estimated value of a home in Sandia Park is $435,993.02. The median list price of a home is 655,000, and the total count of properties in the city is 2,610.
- Pre-ForeclosurePre-foreclosure homes account for 0.04% of all residential properties in Sandia Park, NM with 87047 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Sandia Park, NM; of that zips, the estimated home value for pre-foreclosure homes ranges from $431,948 in 87047 to the lowest home value of $431,948 in 87047.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Sandia Park, NM ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Sandia Park, NM. There is 1 zips within Sandia Park, NM; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Sandia Park, NM. Auction homes and other auction properties account for 0% of all properties in Sandia Park, NM. There is 1 zips within Sandia Park, NM; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Compare Nearby Cities
More Real Estate Resources for Sandia Park, NM
Guide for Sandia Park, NM
This article describes the fluctuating real estate market of Santa Fe and neighboring cities from July 2023 to March 2024, focusing on property values, sale prices, and number of sold homes.
Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.