Market Conditions Report

Albuquerque, NM 87123

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87123

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87123 is $400,000 with the market action index hovering around 69. This is an increase over last month's market action index of 66. Inventory has decreased to 37. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Albuquerque, NM 87123

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87123 is $400,000 with the market action index hovering around 69. This is an increase over last month's market action index of 66. Inventory has decreased to 37. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $400,000
Median Price of New Listings $352,450
Per Square Foot $191
Average Days on Market 67
Median Days on Market 35
Price Decreased 41%
Price Increased 8%
Relisted 11%
Inventory 37
Median Rent
Market Action 69
Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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
$725,000 3,344 0.5 - 1 acre 4 4 42 0 1 56
$468,990 2,065 6,500 - 8,000 sqft 4 3 12 1 1 84
$375,000 2,088 4,500 - 6,500 sqft 4 3 26 3 4 28
$260,000 1,524 6,500 - 8,000 sqft 3 2 46 2 6 14