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BELEN, NM 87002

Real Estate Market Report  ·  Valencia County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
114
⇧ 46.2% vs 78 last year
Pending
31
27% pending ratio
Median Price
$298,000
⇩ 1.9% vs $303,900 last year
Average Price
$338,040
⇩ 7.1% vs $363,794 last year
Days on Market
93
⇩ 29.5% vs 132 days last year

Market Context

Population: 19,985  ·  Density: 12.9/mi²  ·  Median household income: $50,655

Typical home value: $143,567  ·  Homeownership: 79.7%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The BELEN, NM real estate market (87002) currently shows 114 active listings, with 31 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has increased compared to last year, with 36 more homes available — giving buyers more choice.

Homes are selling faster, averaging 93 days on market compared to 132 days last year.

The median listing price has fallen 1.9% year-over-year, from $303,900 to $298,000.

Whether you are buying or selling in BELEN, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 114 this year vs 78 last year
  • Days on market: 93 now vs 132 last year

Median & Average Pricing

Year over Year
  • Median: $298,000 (-1.9% YoY)
  • Average: $338,040 (-7.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 38.8 miles — 742 listings ($349,200,791 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87002Belen, NM 870020.0 mi114$38,536,560$298,000$338,040
87006Bosque, NM 8700610.4 mi3$2,850,000$950,000$950,000
87062Veguita, NM 8706214.1 mi2$1,338,900$669,450$669,450
87068Bosque Farms, NM 8706821.2 mi7$3,585,750$514,500$512,250
87061Torreon, NM 8706125.7 mi3$828,399$195,000$276,133
87121Albuquerque, NM 8712126.0 mi124$41,968,668$319,700$338,457
87828Polvadera, NM 8782830.2 mi3$3,562,500$1,187,500$1,187,500
87102Albuquerque, NM 8710232.4 mi66$20,695,092$280,000$313,562
87104Albuquerque, NM 8710433.3 mi46$27,575,896$492,500$599,476
87110Albuquerque, NM 8711035.5 mi97$35,359,992$351,450$364,536
87107Albuquerque, NM 8710736.1 mi73$60,898,644$525,000$834,228
87109Albuquerque, NM 8710938.4 mi79$26,477,640$364,950$335,160
87111Albuquerque, NM 8711138.8 mi125$85,522,750$450,000$684,182

Frequently Asked Questions

How many homes are for sale in BELEN, NM 87002?

As of January 2026, there are 114 active listings in BELEN, NM (zip code 87002), compared to 78 the prior year.

What is the median home price in BELEN, NM 87002?

The median listing price in BELEN, NM 87002 is $298,000 as of January 2026, a 1.9% decrease from $303,900 the prior year.

How long do homes stay on the market in BELEN, NM?

Homes in BELEN, NM 87002 spend an average of 93 days on the market before going under contract, compared to 132 days the prior year.

Is it a seller's or buyer's market in BELEN, NM 87002?

Based on current inventory and days-on-market data as of January 2026, BELEN, NM 87002 is currently a Balanced Market. Inventory has increased compared to last year, with 36 more homes available — giving buyers more choice. Homes are selling faster, averaging 93 days on market compared to 132 days last year.

How much can I save on real estate commission in BELEN, NM?

With SELL123.com's maximum 3% commission, sellers in BELEN, NM 87002 save an estimated $5,960 compared to a typical 5% commission on the median listing price of $298,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.