Real-Time Real Estate Market Report

Albuquerque, NM 87112

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87112

Wed May 22 2024
This week the median list price for Albuquerque, NM 87112 is $340,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has increased to 49. 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

The market has started cooling and prices have recently plateaued. Since 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 87112

Wed May 22 2024
This week the median list price for Albuquerque, NM 87112 is $340,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has increased to 49. 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

The market has started cooling and prices have recently plateaued. Since 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 $340,000
Median Price of New Listings $318,700
Per Square Foot $216
Average Days on Market 48
Median Days on Market 35
Price Decreased 65%
Price Increased 2%
Relisted 6%
Inventory 49
Median Rent
Market Action 61
Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since 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.

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
$494,950 2,330 8,000 - 10,000 sqft 3 3 46 1 2 38
$359,950 1,804 6,500 - 8,000 sqft 3 2 57 2 1 21
$331,500 1,452 6,500 - 8,000 sqft 3 2 65 1 0 45
$285,000 1,464 6,500 - 8,000 sqft 3 2 65 4 5 14