Real-Time Real Estate Market Report

Albuquerque, NM 87123

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87123

Thu Jan 02 2025
This week the median list price for Albuquerque, NM 87123 is $414,950 with the market action index hovering around 43. This is an increase over last month's market action index of 39. Inventory has decreased to 42. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Albuquerque, NM 87123

Thu Jan 02 2025
This week the median list price for Albuquerque, NM 87123 is $414,950 with the market action index hovering around 43. This is an increase over last month's market action index of 39. Inventory has decreased to 42. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $414,950
Median Price of New Listings $300,000
Per Square Foot $197
Average Days on Market 85
Median Days on Market 74
Price Decreased 55%
Price Increased 0%
Relisted 5%
Inventory 42
Median Rent
Market Action 43
Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

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
$626,000 3,298 6,500 - 8,000 sqft 4 3 40 0 3 98
$499,450 2,320 0.25 - 0.5 acre 3 3 40 1 2 73
$363,900 1,865 0.25 - 0.5 acre 3 2 45 0 2 77
$275,000 1,138 6,500 - 8,000 sqft 3 2 53 4 5 42