Real-Time Real Estate Market Report

Albuquerque, NM 87114

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87114

Thu Dec 26 2024
This week the median list price for Albuquerque, NM 87114 is $403,500 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has decreased to 97. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Albuquerque, NM 87114

Thu Dec 26 2024
This week the median list price for Albuquerque, NM 87114 is $403,500 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has decreased to 97. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $403,500
Median Price of New Listings $340,000
Per Square Foot $197
Average Days on Market 76
Median Days on Market 63
Price Decreased 56%
Price Increased 0%
Relisted 6%
Inventory 97
Median Rent
Market Action 45
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$622,500 3,159 0.5 - 1 acre 4 3 23 1 3 66
$434,500 2,674 6,500 - 8,000 sqft 4 3 18 1 1 77
$390,000 2,143 0 - 4,500 sqft 4 2 19 1 3 66
$340,000 1,460 0 - 4,500 sqft 3 2 23 4 7 28