Real-Time Real Estate Market Report

Albuquerque, NM 87107

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87107

Thu Dec 26 2024
This week the median list price for Albuquerque, NM 87107 is $507,000 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has increased to 40. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Albuquerque, NM 87107

Thu Dec 26 2024
This week the median list price for Albuquerque, NM 87107 is $507,000 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has increased to 40. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $507,000
Median Price of New Listings $465,000
Per Square Foot $249
Average Days on Market 84
Median Days on Market 56
Price Decreased 28%
Price Increased 3%
Relisted 5%
Inventory 40
Median Rent
Market Action 39
Slight Seller's Advantage

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
$1,564,500 4,653 2.5 - 5 acres 5 5.5 28 0 0 98
$687,445 3,105 0.5 - 1 acre 4 3 41 1 1 45
$422,500 1,731 1 - 2.5 acres 3 2.3 75 2 2 14
$262,450 1,215 0.25 - 0.5 acre 3 1.5 77 0 2 66