Market Conditions Report

Albuquerque, NM 87123

Single-Family Homes

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Albuquerque, NM 87123

Wed Mar 03 2021
This week the median list price for Albuquerque, NM 87123 is $382,517 with the market action index hovering around 63. This is an increase over last month's market action index of 58. Inventory has held steady at or around 32. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Albuquerque, NM 87123

Wed Mar 03 2021
This week the median list price for Albuquerque, NM 87123 is $382,517 with the market action index hovering around 63. This is an increase over last month's market action index of 58. Inventory has held steady at or around 32. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $382,517
Per Square Foot $167
Days on Market 21
Price Decreased 28%
Price Increased 34%
Relisted 9%
Inventory 32
Median Rent $1,613
Most Expensive $850,000
Least Expensive $130,000
Market Action 63
Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

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
$462,460 2,843 0.25 - 0.5 acre 3 3 6 3 0 17
$408,245 2,820 4,500 - 6,500 sqft 4 3 5 0 1 31
$374,490 2,408 4,500 - 6,500 sqft 4 3 1 1 1 21
$293,400 1,770 4,500 - 6,500 sqft 2 2 34 4 4 3