Real-Time Real Estate Market Report

Albuquerque, NM 87105

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87105

Mon Dec 11 2023
This week the median list price for Albuquerque, NM 87105 is $347,450 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has increased to 40. Click here to stay informed with the Albuquerque market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87105

Mon Dec 11 2023
This week the median list price for Albuquerque, NM 87105 is $347,450 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has increased to 40. Click here to stay informed with the Albuquerque market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $347,450
Median Price of New Listings $320,000
Per Square Foot $201
Average Days on Market 85
Median Days on Market 49
Price Decreased 30%
Price Increased 0%
Relisted 5%
Inventory 40
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$637,500 2,733 0.5 - 1 acre 3 3 14 1 1 77
$385,000 1,827 0.25 - 0.5 acre 3 2 20 2 1 24
$291,500 1,593 0.25 - 0.5 acre 3 2 64 4 1 42
$204,500 992 6,500 - 8,000 sqft 2 1 74 2 1 45