Market Conditions Report

Albuquerque, NM 87108

Single-Family Homes

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Albuquerque, NM 87108

Tue May 18 2021
This week the median list price for Albuquerque, NM 87108 is $332,450 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has decreased to 8. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Tue May 18 2021
This week the median list price for Albuquerque, NM 87108 is $332,450 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has decreased to 8. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $332,450
Median Price of New Listings $230,000
Per Square Foot $158
Average Days on Market 34
Median Days on Market 11
Price Decreased 38%
Price Increased 0%
Relisted 25%
Inventory 8
Median Rent $605
Market Action 71
Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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
$681,500 4,512 8,000 - 10,000 sqft 4 3 59 0 1 38
$344,950 2,085 0.25 - 0.5 acre 3 2 51 1 0 21
$289,950 2,174 6,500 - 8,000 sqft 3 3 70 0 0 73
$160,000 785 6,500 - 8,000 sqft 2 1 70 1 1 3