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

Tue May 18 2021
This week the median list price for Albuquerque, NM 87113 is $490,000 with the market action index hovering around 56. This is less than last month's market action index of 59. Inventory has held steady at or around 17. 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 been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Albuquerque, NM 87113

Tue May 18 2021
This week the median list price for Albuquerque, NM 87113 is $490,000 with the market action index hovering around 56. This is less than last month's market action index of 59. Inventory has held steady at or around 17. 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 been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $490,000
Median Price of New Listings $457,000
Per Square Foot $187
Average Days on Market 106
Median Days on Market 21
Price Decreased 24%
Price Increased 12%
Relisted 6%
Inventory 17
Median Rent $1,598
Market Action 56
Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

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
$889,900 3,722 6,500 - 8,000 sqft 4 4 0 0 0 472
$597,900 2,991 6,500 - 8,000 sqft 3 3 12 3 0 0
$432,500 2,207 4,500 - 6,500 sqft 3 3 18 0 0 38
$359,900 2,045 0.25 - 0.5 acre 3 2 57 3 3 0