Real-Time Real Estate Market Report

Albuquerque, NM 87112

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87112

Fri Mar 29 2024
This week the median list price for Albuquerque, NM 87112 is $349,900 with the market action index hovering around 70. This is an increase over last month's market action index of 62. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Albuquerque, NM 87112

Fri Mar 29 2024
This week the median list price for Albuquerque, NM 87112 is $349,900 with the market action index hovering around 70. This is an increase over last month's market action index of 62. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $349,900
Median Price of New Listings $330,000
Per Square Foot $215
Average Days on Market 28
Median Days on Market 14
Price Decreased 17%
Price Increased 6%
Relisted 6%
Inventory 35
Median Rent
Market Action 70
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
$437,450 2,089 8,000 - 10,000 sqft 4 2 59 2 0 31
$366,000 1,570 6,500 - 8,000 sqft 3 2 65 6 3 7
$339,900 1,464 6,500 - 8,000 sqft 3 2 70 3 2 21
$274,900 1,357 6,500 - 8,000 sqft 3 2 69 8 5 0