Is Sandia Park, NM 87047 a buyer’s or seller’s market?

The Sandia Park housing market right now

In the three months ending August 31, 2026, 0% of homes in Sandia Park, NM 87047 sold above their list price, the typical home went under contract in 90 days and there were 5 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 20 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold more slowly (45 days then) and the median sale price rose 16% to $638,724. Overall, Sandia Park is less competitive than a year ago, which gives buyers more room.

Within Sandoval County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Sandia Park ranks #50 of 51 NM ZIP codes with enough sales (score 9 out of 100).

Nearby, Los Alamos 87544 (34% sold over asking) and Corrales 87048 (21% sold over asking) are even more competitive.