Real-Time Real Estate Market Report

Albuquerque, NM 87108

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87108

Tue Jun 06 2023
This week the median list price for Albuquerque, NM 87108 is $370,000 with the market action index hovering around 66. This is less than last month's market action index of 68. Inventory has held steady at or around 17. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Albuquerque, NM 87108

Tue Jun 06 2023
This week the median list price for Albuquerque, NM 87108 is $370,000 with the market action index hovering around 66. This is less than last month's market action index of 68. Inventory has held steady at or around 17. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $370,000
Median Price of New Listings $389,000
Per Square Foot $190
Average Days on Market 49
Median Days on Market 35
Price Decreased 53%
Price Increased 6%
Relisted 0%
Inventory 17
Median Rent
Market Action 66
Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

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
$687,000 3,275 8,000 - 10,000 sqft 3 3 69 1 0 17
$452,000 2,398 6,500 - 8,000 sqft 3 2.5 66 1 2 24
$359,750 1,599 4,500 - 6,500 sqft 3 2 73 0 0 45
$274,970 1,798 6,500 - 8,000 sqft 2 2 68 1 2 56