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 Feb 06 2025
This week the median list price for Albuquerque, NM 87123 is $424,900 with the market action index hovering around 48. This is an increase over last month's market action index of 43. Inventory has decreased to 40. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Albuquerque, NM 87123

Thu Feb 06 2025
This week the median list price for Albuquerque, NM 87123 is $424,900 with the market action index hovering around 48. This is an increase over last month's market action index of 43. Inventory has decreased to 40. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $424,900
Median Price of New Listings $424,900
Per Square Foot $200
Average Days on Market 90
Median Days on Market 74
Price Decreased 53%
Price Increased 3%
Relisted 10%
Inventory 40
Median Rent
Market Action 48
Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

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
$648,500 3,179 5 - 10 acres 4 3 47 3 1 87
$507,450 2,760 - 4 3 34 0 1 77
$380,000 1,934 - 3 3 26 4 4 21
$274,950 1,236 6,500 - 8,000 sqft 3 2 53 0 3 63