Market Conditions Report

Albuquerque, NM 87108

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87108

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87108 is $274,500 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has decreased to 32. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Albuquerque, NM 87108

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87108 is $274,500 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has decreased to 32. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $274,500
Median Price of New Listings $294,250
Per Square Foot $196
Average Days on Market 53
Median Days on Market 32
Price Decreased 63%
Price Increased 3%
Relisted 6%
Inventory 32
Median Rent
Market Action 53
Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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
$717,000 3,550 0.25 - 0.5 acre 4 3.5 71 0 0 28
$332,000 1,615 4,500 - 6,500 sqft 3 2 71 1 1 38
$259,250 1,444 6,500 - 8,000 sqft 3 2 70 1 0 49
$227,000 1,312 6,500 - 8,000 sqft 3 2.5 74 0 2 28