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 Feb 21 2024
This week the median list price for Albuquerque, NM 87112 is $337,500 with the market action index hovering around 60. This is an increase over last month's market action index of 53. Inventory has decreased to 28. 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 87112

Wed Feb 21 2024
This week the median list price for Albuquerque, NM 87112 is $337,500 with the market action index hovering around 60. This is an increase over last month's market action index of 53. Inventory has decreased to 28. 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 $337,500
Median Price of New Listings $299,495
Per Square Foot $213
Average Days on Market 49
Median Days on Market 42
Price Decreased 43%
Price Increased 0%
Relisted 4%
Inventory 28
Median Rent
Market Action 60
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
$385,000 2,019 6,500 - 8,000 sqft 4 2 60 0 4 28
$349,900 1,600 6,500 - 8,000 sqft 3 2 66 3 0 7
$320,000 1,489 6,500 - 8,000 sqft 3 2 69 0 3 70
$260,000 1,260 6,500 - 8,000 sqft 3 2 69 3 3 49