Market Conditions Report

Albuquerque, NM 87114

Single-Family Homes

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



Albuquerque, NM 87114

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87114 is $454,500 with the market action index hovering around 84. This is less than last month's market action index of 85. Inventory has decreased to 42. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Albuquerque, NM 87114

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87114 is $454,500 with the market action index hovering around 84. This is less than last month's market action index of 85. Inventory has decreased to 42. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $454,500
Median Price of New Listings $355,000
Per Square Foot $186
Average Days on Market 50
Median Days on Market 28
Price Decreased 38%
Price Increased 12%
Relisted 10%
Inventory 42
Median Rent
Market Action 84
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,049,750 4,850 1 - 2.5 acres 5 4.5 51 0 1 87
$520,972 2,565 6,500 - 8,000 sqft 4 3 16 1 2 17
$399,000 2,330 0.25 - 0.5 acre 4 3 27 3 6 14
$279,900 1,672 4,500 - 6,500 sqft 3 2 19 4 8 14