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All market snapshots / 87031

Los Lunas, NM 87031 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Los Lunas, NM inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.13
ActiveActive listings: 109109PendingPending sales: 1414
Los Lunas, NM: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $365k$365kSoldMedian sold price (last 6 months): $333k$333k
What homes actually sell for in Los Lunas, NM
Distribution of 308 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $275k to $385k
$180k to $226k: 10 sales$180k$226k to $272k: 49 sales$272k to $319k: 52 sales$272k$319k to $365k: 83 sales83sales$365k to $411k: 45 sales$365k$411k to $458k: 25 sales$458k to $504k: 8 sales$458k$504k to $550k: 6 salesMedian $333k

What the numbers say

As of October 5, 2026, Resideline is tracking 109 active listings and 14 pending sales in ZIP code 87031. That pending-to-active ratio of 0.13 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $364,900, while the median of the 308 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 77 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 308 closed sales tracked by Resideline. The middle half of those sales ranged from $275,000 to $385,000.

Is 87031 a buyer's or seller's market?

Resideline is currently tracking 14 pending sales against 109 active listings in 87031, a pending-to-active ratio of 0.13. 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.

Nearby ZIP code market data

Full Los Lunas, NM housing market report →

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