Market Conditions Report

Albuquerque, NM 87108

Single-Family Homes

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Albuquerque, NM 87108

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87108 is $365,000 with the market action index hovering around 65. This is less than last month's market action index of 66. Inventory has increased to 19. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Albuquerque, NM 87108

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87108 is $365,000 with the market action index hovering around 65. This is less than last month's market action index of 66. Inventory has increased to 19. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $365,000
Median Price of New Listings $329,500
Per Square Foot $171
Average Days on Market 57
Median Days on Market 56
Price Decreased 47%
Price Increased 5%
Relisted 16%
Inventory 19
Median Rent
Market Action 65
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$712,500 3,150 0.25 - 0.5 acre 3 3.5 73 0 0 77
$439,000 1,947 6,500 - 8,000 sqft 3 2 71 1 0 21
$327,000 1,973 6,500 - 8,000 sqft 4 2 71 0 0 70
$220,000 1,550 6,500 - 8,000 sqft 3 2 70 1 1 14