Real-Time Real Estate Market Report

Albuquerque, NM 87107

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87107

Tue Mar 28 2023
This week the median list price for Albuquerque, NM 87107 is $460,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 50. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. 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 87107

Tue Mar 28 2023
This week the median list price for Albuquerque, NM 87107 is $460,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 50. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. 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 $460,000
Median Price of New Listings $360,000
Per Square Foot $239
Average Days on Market 118
Median Days on Market 105
Price Decreased 26%
Price Increased 10%
Relisted 10%
Inventory 50
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$1,925,000 5,429 1 - 2.5 acres 4 4.5 34 1 0 108
$625,793 2,057 4,500 - 6,500 sqft 4 3 1 0 0 59
$428,325 1,999 0 - 4,500 sqft 4 3 1 1 2 182
$350,000 1,545 4,500 - 6,500 sqft 3 2 67 3 3 56