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BELEN, NM 87002

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

Market Analysis

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

The BELEN, NM real estate market (87002) currently shows 113 active listings, with 39 pending sales. Homes are averaging 112 days on the market before going under contract.

Inventory has increased compared to last year, with 39 more homes available — giving buyers more choice.

Homes are selling faster, averaging 112 days on market compared to 136 days last year.

The median listing price has fallen 3.8% year-over-year, from $308,175 to $296,475.

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
113
⇧ 52.7% vs 74 last year
Pending
39
35% pending ratio
Median Price
$296,475
⇩ 3.8% vs $308,175 last year
Average Price
$344,870
⇩ 4.6% vs $361,482 last year
Days on Market
112
⇩ 17.6% vs 136 days last year

Price Per Square Foot

Median $/sqft
$192
⇧ 7.3% vs $179/sqft last year
Median Home Size
1,575 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 113 this year vs 74 last year
  • Days on market: 112 now vs 136 last year

Median & Average Pricing

Year over Year
  • Median: $296,475 (-3.8% YoY)
  • Average: $344,870 (-4.6% 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 — 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 February 2026, there are 113 active listings in BELEN, NM (zip code 87002), compared to 74 the prior year.

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

The median listing price in BELEN, NM 87002 is $296,475 as of February 2026, a 3.8% decrease from $308,175 the prior year.

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

Homes in BELEN, NM 87002 spend an average of 112 days on the market before going under contract, compared to 136 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 February 2026, BELEN, NM 87002 is currently a Balanced Market. Inventory has increased compared to last year, with 39 more homes available — giving buyers more choice. Homes are selling faster, averaging 112 days on market compared to 136 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 $5,930 compared to a typical 5% commission on the median listing price of $296,475. 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.