Real-Time Real Estate Market Report
Albuquerque, NM 87123
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Albuquerque, NM 87123
Fri May 09 2025
This week the median list price for Albuquerque, NM 87123 is $499,000 with the market action index hovering around 50. This is less than last month's market action index of 52. Inventory has decreased to 39.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $499,000 | |
| Median Price of New Listings | $370,000 | |
| Per Square Foot | $190 | |
| Average Days on Market | 80 | |
| Median Days on Market | 42 | |
| Price Decreased | 46% | |
| Price Increased | 3% | |
| Relisted | 8% | |
| Inventory | 39 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
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 |
|---|---|---|---|---|---|---|---|---|
| $655,000 | 3,518 | 0.25 - 0.5 acre | 4 | 3 | 45 | 0 | 2 | 49 |
| $524,750 | 2,808 | 6,500 - 8,000 sqft | 4 | 3 | 17 | 1 | 0 | 91 |
| $422,000 | 2,144 | 4,500 - 6,500 sqft | 3 | 2.5 | 18 | 3 | 4 | 31 |
| $309,950 | 1,641 | 6,500 - 8,000 sqft | 3 | 2 | 48 | 3 | 5 | 21 |