87002 New Mexico Real Estate Market Trends & Home Values

87002

87002 Home Values & Market Trends

There are 55 homes currently listed for 87002. 87002 real estate market trends show that home prices range from $14,500 to $1,200,000, and the median sales price in the 87002 zip code is $285,000. The total number of properties sold within the past twelve months is 373. In 87002, 22 properties are in foreclosure, 3 are bank owned properties,and 7 are headed for auction.

87002 Real Estate Market Overview

City	Median Est. Value
Belen	$ 290,000 $ 153/sqft

City

Median Est. Value

Belen

$ 290,000

$ 153/sqft

Housing Market Summary for 87002

	May 2024	April 2025	Change
Median Listing Price	$246.9K	$275K	11.36%
Median Sold Price	$223.8K	$260.1K	16.19%
Homes For Sale	42	52	23.81%
Homes Sold	235	166	-29.36%

Price

$/Sqft

Homes For Sale

0

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%.

0

Recently Sold Homes

Explore recent offers and recently sold homes in 87002

Recently Sold

$297,402

Sold Price

3 beds

2 baths

1,620 sqft

6,098 sqft lot

1904 Letizia Ln, Belen, NM 87002

Recently Sold

$242,623

Sold Price

2 beds

2 baths

1,122 sqft

3,485 sqft lot

521 N Ross Alleyway, Belen, NM 87002

Recently Sold

840 sqft

840 sqft lot

, Belen, NM 87002

Browse Homes in 87002

The median list price of a home in Belen, is $285,000. A total of 55 properties are for sale, and the percentage of properties for sale in the zip code is 55.00%. The total count of 87002 properties is 273.

Foreclosure

There is 1 cities within 87002; within this cities, the median estimated home value for homes in foreclosure ranges from $352,543 in belen to the lowest value of $72,987 in belen. Foreclosure homes account for 8.00% of properties in 87002 with belen containing 16 foreclosures, the highest number of foreclosure properties in a single city.

Pre-Foreclosure
Pre-foreclosure homes account for 4.40% of all residential properties in 87002 with belen containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 87002; of that cities, the estimated home value for pre-foreclosure homes ranges from $352,543 in belen to the lowest home value of $224,750 in belen.
Bank Owned
The median estimated home value of bank owned homes (REO properties) in 87002 ranges from the highest value of $321,373 in belen to the lowest value of $190,000 in belen. Bank owned homes and properties account for 1.10% of properties in 87002. There is 1 cities within 87002; belen containing 3 REO properties, has the highest number of bank owned properties in a single city.
Auctions
belen has 7 auction properties, the highest number of properties going to auction in a single city in the state of 87002. Auction homes and other auction properties account for 2.56% of all properties in 87002. There is 1 cities within 87002; of that cities, the median estimated home value for homes going to auction ranges from $297,400 in belen to the lowest value of $72,987 in belen.

Homes for Sale

Homes and properties that are actively listed for sale account for 20.15% of residential properties in 87002 with belen containing 41 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 87002; homes for sale in that cities, have a range of median values from $695,000 in belen to the lowest value of $111,616 in belen.

Sold Homes

The median value for recently sold homes ranges from $890,855 in belen to the lowest price of $29,110 in belen. There is 1 cities within 87002. belen has 116 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 63.74% of properties in 87002.

Loading...