Market Conditions Report

Albuquerque, NM 87113

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Albuquerque, NM 87113

Fri Oct 30 2020
This week the median list price for Albuquerque, NM 87113 is $415,000 with the market action index hovering around 55. This is about the same as last month's market action index of 55. Inventory has held steady at or around 24. 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 87113

Fri Oct 30 2020
This week the median list price for Albuquerque, NM 87113 is $415,000 with the market action index hovering around 55. This is about the same as last month's market action index of 55. Inventory has held steady at or around 24. 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 $415,000
Per Square Foot $173
Days on Market 75
Price Decreased 42%
Price Increased 17%
Relisted 17%
Inventory 24
Median Rent $1,750
Most Expensive $949,900
Least Expensive $235,000
Market Action 55
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$774,900 3,155 6,500 - 8,000 sqft 4 4 0 0 1 192
$425,000 2,708 6,500 - 8,000 sqft 4 3 17 3 1 28
$334,900 2,025 4,500 - 6,500 sqft 3 3 16 1 1 42
$268,550 1,552 6,500 - 8,000 sqft 3 2 25 2 0 37