Market Conditions Report

Albuquerque, NM 87120

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Albuquerque, NM 87120

Fri Oct 30 2020
This week the median list price for Albuquerque, NM 87120 is $389,188 with the market action index hovering around 61. This is an increase over last month's market action index of 58. Inventory has held steady at or around 90. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Albuquerque, NM 87120

Fri Oct 30 2020
This week the median list price for Albuquerque, NM 87120 is $389,188 with the market action index hovering around 61. This is an increase over last month's market action index of 58. Inventory has held steady at or around 90. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $389,188
Per Square Foot $154
Days on Market 78
Price Decreased 32%
Price Increased 8%
Relisted 9%
Inventory 90
Median Rent $1,500
Most Expensive $1,122,500
Least Expensive $142,000
Market Action 61
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$619,500 3,153 0.25 - 0.5 acre 4 4 13 2 4 128
$428,200 2,579 6,500 - 8,000 sqft 3 3 5 1 5 79
$352,780 2,466 6,500 - 8,000 sqft 3 3 15 4 3 82
$248,000 1,750 4,500 - 6,500 sqft 3 2 21 9 11 23