Market Conditions Report

Albuquerque, NM 87114

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87114

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87114 is $415,000 with the market action index hovering around 59. This is less than last month's market action index of 63. Inventory has increased 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87114

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87114 is $415,000 with the market action index hovering around 59. This is less than last month's market action index of 63. Inventory has increased 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $415,000
Median Price of New Listings $381,000
Per Square Foot $180
Average Days on Market 46
Median Days on Market 35
Price Decreased 61%
Price Increased 1%
Relisted 13%
Inventory 97
Median Rent
Market Action 59
Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on 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
$644,190 2,852 0.5 - 1 acre 4 3 18 1 0 70
$467,000 2,802 6,500 - 8,000 sqft 4 3 16 1 4 35
$379,500 2,289 4,500 - 6,500 sqft 4 3 21 3 6 21
$335,000 1,812 4,500 - 6,500 sqft 3 3 20 3 10 21