Real-Time Real Estate Market Report

Albuquerque, NM 87114

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87114

Sat Feb 04 2023
This week the median list price for Albuquerque, NM 87114 is $395,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has decreased to 70. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Albuquerque, NM 87114

Sat Feb 04 2023
This week the median list price for Albuquerque, NM 87114 is $395,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has decreased to 70. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $395,000
Median Price of New Listings $314,900
Per Square Foot $191
Average Days on Market 78
Median Days on Market 70
Price Decreased 54%
Price Increased 4%
Relisted 9%
Inventory 70
Median Rent
Market Action 47
Strong Seller's Market

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
$609,990 2,800 0.25 - 0.5 acre 4 3 15 0 4 112
$440,000 2,650 6,500 - 8,000 sqft 4 3 17 0 5 91
$355,000 2,151 4,500 - 6,500 sqft 3 3 18 3 3 42
$309,999 1,684 4,500 - 6,500 sqft 3 2 22 8 8 28