Real-Time Real Estate Market Report

Albuquerque, NM 87123

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87123

Mon Dec 11 2023
This week the median list price for Albuquerque, NM 87123 is $349,312 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has held steady at or around 38. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Albuquerque, NM 87123

Mon Dec 11 2023
This week the median list price for Albuquerque, NM 87123 is $349,312 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has held steady at or around 38. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $349,312
Median Price of New Listings $328,250
Per Square Foot $198
Average Days on Market 73
Median Days on Market 35
Price Decreased 42%
Price Increased 0%
Relisted 11%
Inventory 38
Median Rent
Market Action 55
Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

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
$675,000 3,205 0.5 - 1 acre 4 3 50 0 2 35
$419,900 2,176 4,500 - 6,500 sqft 3 2.5 27 1 3 70
$304,000 1,748 4,500 - 6,500 sqft 3 2.5 35 2 1 28
$271,200 1,243 6,500 - 8,000 sqft 3 2 55 1 4 24