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BELEN, NM 87002

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The BELEN, NM real estate market (87002) currently shows 107 active listings, with 37 pending sales. Homes are averaging 116 days on the market before going under contract.

Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 116 days on market compared to 81 days last year.

The median listing price has risen 1.4% year-over-year, from $299,000 to $303,225.

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 Context

Market Context

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

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

Market Overview

Active Listings
107
⇧ 30.5% vs 82 last year
Pending
37
35% pending ratio
Median Price
$303,225
⇧ 1.4% vs $299,000 last year
Average Price
$351,879
⇩ 0.6% vs $354,009 last year
Days on Market
116
⇧ 43.2% vs 81 days last year

Price Per Square Foot

Median $/sqft
$193
⇧ 4.9% vs $184/sqft last year
Median Home Size
1,627 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 107 this year vs 82 last year
  • Days on market: 116 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $303,225 (+1.4% YoY)
  • Average: $351,879 (-0.6% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 38.8 miles — 787 listings ($379,619,795 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87002Belen, NM 870020.0 mi113$38,970,310$296,475$344,870
87006Bosque, NM 8700610.4 mi6$3,621,000$494,500$603,500
87062Veguita, NM 8706214.1 mi2$1,799,800$899,900$899,900
87068Bosque Farms, NM 8706821.2 mi9$4,853,187$532,250$539,243
87061Torreon, NM 8706125.7 mi3$507,600$169,200$169,200
87121Albuquerque, NM 8712126.0 mi130$42,621,800$315,000$327,860
87828Polvadera, NM 8782830.2 mi3$3,947,250$1,315,750$1,315,750
87102Albuquerque, NM 8710232.4 mi70$21,592,620$275,000$308,466
87104Albuquerque, NM 8710433.3 mi47$28,153,423$506,000$599,009
87110Albuquerque, NM 8711035.5 mi102$38,052,018$350,450$373,059
87107Albuquerque, NM 8710736.1 mi82$74,832,298$512,475$912,589
87109Albuquerque, NM 8710938.4 mi81$28,074,195$366,000$346,595
87111Albuquerque, NM 8711138.8 mi139$92,594,294$444,500$666,146

Frequently Asked Questions

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

As of March 2026, there are 107 active listings in BELEN, NM (zip code 87002), compared to 82 the prior year.

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

The median listing price in BELEN, NM 87002 is $303,225 as of March 2026, a 1.4% increase from $299,000 the prior year.

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

Homes in BELEN, NM 87002 spend an average of 116 days on the market before going under contract, compared to 81 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 March 2026, BELEN, NM 87002 is currently a Buyer's Market. Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 116 days on market compared to 81 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 $6,065 compared to a typical 5% commission on the median listing price of $303,225. 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.