Real-Time Real Estate Market Report

Albuquerque, NM 87114

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87114

Mon Jun 05 2023
This week the median list price for Albuquerque, NM 87114 is $485,000 with the market action index hovering around 66. This is less than last month's market action index of 72. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Mon Jun 05 2023
This week the median list price for Albuquerque, NM 87114 is $485,000 with the market action index hovering around 66. This is less than last month's market action index of 72. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $485,000
Median Price of New Listings $475,000
Per Square Foot $193
Average Days on Market 54
Median Days on Market 21
Price Decreased 42%
Price Increased 2%
Relisted 10%
Inventory 50
Median Rent
Market Action 66
Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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
$807,000 3,387 0.5 - 1 acre 4 3 28 3 1 52
$532,569 2,720 6,500 - 8,000 sqft 4 3 18 4 0 7
$420,000 2,920 6,500 - 8,000 sqft 4 3 19 6 2 7
$349,000 2,008 4,500 - 6,500 sqft 4 2 19 4 3 14