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 Jan 02 2025
This week the median list price for Albuquerque, NM 87114 is $401,750 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has decreased to 98. 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 Jan 02 2025
This week the median list price for Albuquerque, NM 87114 is $401,750 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has decreased to 98. 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 $401,750
Median Price of New Listings $390,000
Per Square Foot $196
Average Days on Market 75
Median Days on Market 63
Price Decreased 52%
Price Increased 0%
Relisted 6%
Inventory 98
Median Rent
Market Action 45
Strong Seller's Market

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.

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 2 2 66
$432,000 2,729 6,500 - 8,000 sqft 4 3 18 3 3 66
$390,000 2,145 0 - 4,500 sqft 4 3 21 6 3 63
$340,000 1,460 0 - 4,500 sqft 3 2 23 2 4 42