Market Conditions Report

Albuquerque, NM 87123

Single-Family Homes

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Albuquerque, NM 87123

Fri Oct 30 2020
This week the median list price for Albuquerque, NM 87123 is $339,900 with the market action index hovering around 58. This is less than last month's market action index of 62. Inventory has held steady at or around 55. 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 been flat for several weeks. 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 87123

Fri Oct 30 2020
This week the median list price for Albuquerque, NM 87123 is $339,900 with the market action index hovering around 58. This is less than last month's market action index of 62. Inventory has held steady at or around 55. 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 been flat for several weeks. 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 $339,900
Per Square Foot $146
Days on Market 65
Price Decreased 51%
Price Increased 22%
Relisted 7%
Inventory 55
Median Rent $1,495
Most Expensive $765,000
Least Expensive $137,000
Market Action 58
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$529,000 3,619 0.25 - 0.5 acre 4 3 32 0 1 133
$385,815 2,251 4,500 - 6,500 sqft 4 3 0 2 2 53
$308,450 2,120 4,500 - 6,500 sqft 3 2 14 1 1 52
$220,750 1,783 6,500 - 8,000 sqft 3 2 50 3 4 26