87047, NM Housing Market

The 87047 housing market is somewhat competitive. The median sale price of a home in 87047 was $669K last month, up 167.6% since last year. The median sale price per square foot in 87047 is $268, up 36.0% since last year.

Trends
Demand
Schools
Climate

87047 Housing Market Trends

What is the housing market like in 87047 today?

$669K

Sale Price

+167.6%
since last year

$268

Sale $/Sq. Ft.

+36.0%
since last year

Under List Price

2.3%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the 87047 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 87047 housing market?

87047 is somewhat competitive. Homes sell in 66 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 66 days.
Hot homes
can sell for around list price and go pending in around 31 days.

Compare With Nearby Zip codes

87111

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 46 days.
Hot homes
can sell for around list price and go pending in around 14 days.

87122

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 51 days.
Hot homes
can sell for around list price and go pending in around 18 days.

See more nearby cities and neighborhoods

View houses in 87047 that sold recently

Recently sold homes

SOLD JAN 9, 2025
$185,000
—beds
—baths
1,620 sq ft
10 Sharp Rd, Sandia Park, NM 87047
List Price
—
Sale to List
—
Days on Market
—
10 Sharp Rd, Sandia Park, NM 87047
SOLD SEP 27, 2024
$119,000
—beds
—baths
—sq ft
1277 Mountain Valley Rd, Sandia Park, NM 87047
List Price
—
Sale to List
—
Days on Market
—
1277 Mountain Valley Rd, Sandia Park, NM 87047

Schools in 87047

Learn about schools in the 87047 area

Elementary
Middle
High

GreatSchools Rating

9/10 San Antonito Elementary School Public • K-5	266 Students	12 reviews
7/10 South Mountain Elementary School Public • K-5	293 Students	6 reviews

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 87047 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 87047.

Heat Factor - Moderate

52% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 87047

New Listings in 87047

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