Albuquerque, NM 87108

Market Conditions Report

Albuquerque, NM 87108

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888

Thu Feb 25 2021
This week the median list price for Albuquerque, NM 87108 is $283,500 with the market action index hovering around 57. This is an increase over last month's market action index of 53. Inventory has held steady at or around 18. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Median List Price		$283,500
Per Square Foot		$141
Days on Market		81
Price Decreased		50%
Price Increased		0%
Relisted		11%
Inventory		18
Median Rent		$665
Most Expensive		$399,999
Least Expensive		$139,900
Market Action		57
Strong Seller's Market

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
$362,450	2,213	0.25 - 0.5 acre	4	2	67	0	0	126
$302,499	2,150	4,500 - 6,500 sqft	3	2	71	0	1	91
$269,000	1,772	6,500 - 8,000 sqft	3	2	71	1	2	21
$180,000	1,610	6,500 - 8,000 sqft	3	2	69	2	3	14

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$362,450	2,213	0.25 - 0.5 acre	4	2	67	0	0	126
$302,499	2,150	4,500 - 6,500 sqft	3	2	71	0	1	91
$269,000	1,772	6,500 - 8,000 sqft	3	2	71	1	2	21
$180,000	1,610	6,500 - 8,000 sqft	3	2	69	2	3	14

Median Price	Top $362,450	Upper $302,499	Lower $269,000	Bottom $180,000
Sq. Ft.	2,213	2,150	1,772	1,610
Lot Size	0.25 - 0.5 acre	4,500 - 6,500 sqft	6,500 - 8,000 sqft	6,500 - 8,000 sqft
Beds	4	3	3	3
Baths	2	2	2	2
Age	67	71	71	69
New	0	0	1	2
Absorbed	0	1	2	3
DOM	126	91	21	14

Market Conditions Report