87002, NM Housing Market

The 87002 housing market is somewhat competitive. The median sale price of a home in 87002 was $289K last month, up 12.7% since last year. The median sale price per square foot in 87002 is $176, down 5.1% since last year.

Trends
Demand
Schools
Climate

87002 Housing Market Trends

What is the housing market like in 87002 today?

$289K

Sale Price

+12.7%
since last year

$176

Sale $/Sq. Ft.

-5.1%
since last year

Under List Price

2.4%

Days on Market

Down Payment

0.0%

Total Homes Sold

To compare other locations to the 87002 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Mexico add value to a home.

How hot is the 87002 housing market?

87002 is somewhat competitive. Homes sell in 71 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 71 days.
Hot homes
can sell for around list price and go pending in around 23 days.

Compare With Nearby Zip codes

87031

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 47 days.
Hot homes
can sell for around list price and go pending in around 16 days.

87105

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 32 days.
Hot homes
can sell for around list price and go pending in around 13 days.

See more nearby cities and neighborhoods

View houses in 87002 that sold recently

Recently sold homes

SOLD DEC 2, 2024
$65,000
—beds
—baths
—sq ft
12 Bunton Rd, Belen, NM 87002
List Price
—
Sale to List
—
Days on Market
—
12 Bunton Rd, Belen, NM 87002
SOLD NOV 25, 2024
$44,044
—beds
—baths
—sq ft
2521 Paseo Arbolado, Belen, NM 87002
List Price
—
Sale to List
—
Days on Market
—
2521 Paseo Arbolado, Belen, NM 87002
SOLD NOV 14, 2024
$7,400
—beds
—baths
—sq ft
85 Jensen Ln, Belen, NM 87002
List Price
—
Sale to List
—
Days on Market
—
85 Jensen Ln, Belen, NM 87002
SOLD NOV 4, 2024
$35,000
—beds
—baths
—sq ft
200 Jensen Ln, Belen, NM 87002
List Price
—
Sale to List
—
Days on Market
—
200 Jensen Ln, Belen, NM 87002
SOLD OCT 17, 2024
$200,886
—beds
—baths
—sq ft
207 N Seventh St, Belen, NM 87002
List Price
—
Sale to List
—
Days on Market
—
207 N Seventh St, Belen, NM 87002
SOLD OCT 17, 2024
$59,723
—beds
—baths
—sq ft
23 Ranchitos Rd, Belen, NM 87002
List Price
—
Sale to List
—
Days on Market
—
23 Ranchitos Rd, Belen, NM 87002
SOLD OCT 11, 2024
$339,000
—beds
—baths
—sq ft
1103 N Mesa Rd, Belen, NM 87002
List Price
—
Sale to List
—
Days on Market
—
1103 N Mesa Rd, Belen, NM 87002
SOLD OCT 10, 2024
$175,000
—beds
—baths
—sq ft
2505 Paseo Arbolado, Belen, NM 87002
List Price
—
Sale to List
—
Days on Market
—
2505 Paseo Arbolado, Belen, NM 87002
See all recently sold homes in 87002.
See listings

Schools in 87002

Learn about schools in the 87002 area

Elementary
Middle
High

GreatSchools Rating

9/10 The Family School Public • 1-8	143 Students	1 reviews
9/10 Gil Sanchez Elementary School Public • PreK-6	271 Students	5 reviews
5/10 Dennis Chavez Elementary School Public • PreK-6	269 Students	2 reviews
5/10 La Merced Elementary School Public • PreK-6	397 Students	4 reviews
5/10 Central Elementary School Public • 4-6	215 Students	1 reviews

Only showing 5 of 10 elementary schools.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on 87002 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 87002.

Heat Factor - Major

95% of properties are at major risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 87002

New Listings in 87002

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87002, NM Housing Market

87002 Housing Market Trends

How hot is the 87002 housing market?

View houses in 87002 that sold recently

Recently sold homes

Schools in 87002

GreatSchools Rating

Climate's impact on 87002 housing

Flood Factor - Minor

Flood Factor

Fire Factor - Major

Fire Factor

Wind Factor - Minimal

Wind Factor

Heat Factor - Major

Heat Factor

More real estate resources for 87002

New Listings in 87002

Nearby Zip Code Housing Markets

City Housing Markets

County Housing Markets

Nearby Zip Code Listings

City Listings

County Listings

Rentals