Real-Time Real Estate Market Report

Albuquerque, NM 87114

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87114

Fri Dec 01 2023
This week the median list price for Albuquerque, NM 87114 is $435,000 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has held steady at or around 111. 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 87114

Fri Dec 01 2023
This week the median list price for Albuquerque, NM 87114 is $435,000 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has held steady at or around 111. 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 $435,000
Median Price of New Listings $399,999
Per Square Foot $192
Average Days on Market 69
Median Days on Market 49
Price Decreased 58%
Price Increased 2%
Relisted 14%
Inventory 111
Median Rent
Market Action 42
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
$799,900 3,008 0.5 - 1 acre 4 3 31 0 1 49
$464,950 2,641 6,500 - 8,000 sqft 4 3 17 2 2 84
$395,400 2,407 4,500 - 6,500 sqft 4 3 17 4 4 42
$329,000 1,691 4,500 - 6,500 sqft 3 2 21 5 7 17