Los Lunas, NM 87031 Housing Market
- Active listings116currently for sale
- Pending sales11under contract
- Median asking price$361,495current listings
- Listing age66 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)313a tracked sample, not a market total
- Median sold price$332,545last 6 months
- Middle half of sold prices$275k to $380k25th to 75th percentile
What the numbers say
As of September 14, 2026, Resideline is tracking 116 active listings and 11 pending sales in ZIP code 87031. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.
The median asking price of current listings is $361,495, while the median of the 313 closed sales Resideline tracked over the last six months was $332,545. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 87031 for 66 days.
Frequently asked questions
What is the median home price in 87031?
The median closed sale price in Los Lunas, NM 87031 was $332,545 over the last six months, based on 313 closed sales tracked by Resideline. The middle half of those sales ranged from $275,000 to $379,900.
Is 87031 a buyer's or seller's market?
Resideline is currently tracking 11 pending sales against 116 active listings in 87031, a pending-to-active ratio of 0.09. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 87031 currently looks like a balanced market.
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