Is Los Lunas, NM 87031 a buyer’s or seller’s market?

The Los Lunas housing market right now

In the three months ending August 31, 2026, 19% of homes in Los Lunas, NM 87031 sold above their list price, the typical home went under contract in 60 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 123 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (18% then), homes sold more slowly (49 days then) and the median sale price held steady to $339,853. Overall, Los Lunas is about as competitive as it was a year ago.

On our competition score, Los Lunas ranks #28 of 51 NM ZIP codes with enough sales (score 37 out of 100).

Nearby, buyers who want less competition could look at Peralta 87042 (0% sold over asking) or Belen 87002 (14% sold over asking), while Jarales 87023 (50% sold over asking) is even more competitive.