Real-Time Real Estate Market Report

Albuquerque, NM 87108

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87108

Sun Oct 06 2024
This week the median list price for Albuquerque, NM 87108 is $299,900 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has increased to 50. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87108

Sun Oct 06 2024
This week the median list price for Albuquerque, NM 87108 is $299,900 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has increased to 50. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $299,900
Median Price of New Listings $289,000
Per Square Foot $220
Average Days on Market 57
Median Days on Market 35
Price Decreased 44%
Price Increased 0%
Relisted 8%
Inventory 50
Median Rent
Market Action 45
Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$482,500 1,892 6,500 - 8,000 sqft 3 2 74 1 2 38
$322,500 1,444 6,500 - 8,000 sqft 3 2 74 3 2 35
$285,000 1,480 4,500 - 6,500 sqft 3 2 73 2 0 63
$264,900 1,200 6,500 - 8,000 sqft 3 1 74 3 2 28