Is Los Lunas, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Los Lunas has remained a Seller's Market.
Key Takeaway
Los Lunas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Lunas, NM
How much do homes in Los Lunas, NM cost?
Median Sold Price
$304,798
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Los Lunas has remained the same since last year.
Summary: The median home sold price in Los Lunas was $304,798 in May 2024, up 0.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | $295K | +141.8% |
| 2 Bedrooms | $257.5K | $274.9K | +6.8% |
| 3 Bedrooms | $287.5K | $299.6K | +4.2% |
| 4 Bedrooms | $345K | $345K | 0.0% |
| 5+ Bedrooms | $400K | $375K | -6.3% |
Summary: Los Lunas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.8%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in Los Lunas, NM
How many homes are available in Los Lunas, NM?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 206 | 202 | -1.9% |
Summary: The Los Lunas real estate market had 202 homes for sale in May 2024, a 1.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 24 | +9.1% |
| 3 Bedrooms | 128 | 119 | -7.0% |
| 4 Bedrooms | 45 | 49 | +8.9% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Los Lunas housing inventory by bedroom type for May 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 7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 48 | -2.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Lunas, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Los Lunas in May 2024, down by 2.0% month-over-month. Of the 48 sold homes, 44% were sold under asking, 40% were sold at asking, and 17% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 50 Days | +3.8% |
Summary: Homes in Los Lunas had an average of 50 days on market in May 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Lunas are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in Los Lunas; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. 
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.