Market Conditions Report

Albuquerque, NM 87123

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Albuquerque, NM 87123

Tue May 11 2021
This week the median list price for Albuquerque, NM 87123 is $386,500 with the market action index hovering around 81. This is an increase over last month's market action index of 79. Inventory has decreased to 22. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Albuquerque, NM 87123

Tue May 11 2021
This week the median list price for Albuquerque, NM 87123 is $386,500 with the market action index hovering around 81. This is an increase over last month's market action index of 79. Inventory has decreased to 22. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $386,500
Median Price of New Listings $249,900
Per Square Foot $158
Average Days on Market 66
Median Days on Market 18
Price Decreased 27%
Price Increased 18%
Relisted 5%
Inventory 22
Median Rent $1,795
Market Action 81
Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$550,000 3,380 1 - 2.5 acres 3 3 27 0 0 91
$445,000 2,898 6,500 - 8,000 sqft 4 3 10 0 2 105
$320,000 2,151 4,500 - 6,500 sqft 3 3 19 3 4 10
$195,000 1,240 6,500 - 8,000 sqft 3 2 34 2 4 7