Real-Time Real Estate Market Report

Albuquerque, NM 87112

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87112

Thu Sep 21 2023
This week the median list price for Albuquerque, NM 87112 is $325,000 with the market action index hovering around 81. This is an increase over last month's market action index of 79. Inventory has increased to 35. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Albuquerque, NM 87112

Thu Sep 21 2023
This week the median list price for Albuquerque, NM 87112 is $325,000 with the market action index hovering around 81. This is an increase over last month's market action index of 79. Inventory has increased to 35. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $325,000
Median Price of New Listings $312,500
Per Square Foot $202
Average Days on Market 27
Median Days on Market 21
Price Decreased 49%
Price Increased 0%
Relisted 6%
Inventory 35
Median Rent
Market Action 81
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in 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
$407,000 2,126 8,000 - 10,000 sqft 4 2.5 53 3 1 35
$365,000 1,725 6,500 - 8,000 sqft 4 2 64 2 2 21
$310,000 1,460 6,500 - 8,000 sqft 3 2 66 5 3 0
$259,900 1,260 6,500 - 8,000 sqft 3 1 66 4 5 35