Belen, NM Home Values & Market Trends
Real estate market trends reflect that there have been 295 transactions over the past year in Belen. The median value for residential home transactions that occurred over the previous year is $209,602.86. The number of current listings in Belen is 30, and the percentage of properties for sale in the city is 30.00%. Belen, NM currently has 8 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 30 properties for sale.
Belen, NM Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 87002 | $ 242,108 $ 136/sqft |
Housing Market Summary for Belen, NM
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $214.9K | $197.9K | -7.92% |
| Median Sold Price | $198.5K | $197.9K | -0.31% |
| Homes For Sale | 30 | 31 | 3.33% |
| Homes Sold | 123 | 166 | 34.96% |
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 Belen, NM
Browse Homes in Belen, NM
Belen home values range from $24,942 to $1,879,285. The median estimated value of a home in Belen is $209,602.86. The median list price of a home is 232,450, and the total count of properties in the city is 7,363.
- Pre-ForeclosurePre-foreclosure homes account for 0.10% of all residential properties in Belen, NM with 87002 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Belen, NM; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,234,569 in 87002 to the lowest home value of $151,684 in 87002.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Belen, 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 Belen, NM. There is 1 zips within Belen, NM; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions87002 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Belen, NM. Auction homes and other auction properties account for 0.01% of all properties in Belen, NM. There is 1 zips within Belen, NM; of that zips, the median estimated home value for homes going to auction ranges from $201,000 in 87002 to the lowest value of $161,113 in 87002.
Compare Nearby Cities
More Real Estate Resources for Belen, NM
Guide for Belen, NM
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