Real-Time Real Estate Market Report
Albuquerque, NM 87108
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Albuquerque, NM 87108
Fri Jul 26 2024
This week the median list price for Albuquerque, NM 87108 is $299,900 with the market action index hovering around 55. This is an increase over last month's market action index of 53. Inventory has increased to 37.
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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Real-Time Market Profile
| Median List Price | $299,900 | |
| Median Price of New Listings | $279,000 | |
| Per Square Foot | $216 | |
| Average Days on Market | 47 | |
| Median Days on Market | 35 | |
| Price Decreased | 49% | |
| Price Increased | 5% | |
| Relisted | 3% | |
| Inventory | 37 | |
| Median Rent | ||
| Market Action | 55 | |
| Strong Seller's Market | ||
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
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 |
|---|---|---|---|---|---|---|---|---|
| $419,900 | 1,795 | 6,500 - 8,000 sqft | 3 | 2 | 76 | 2 | 2 | 28 |
| $349,900 | 1,440 | 6,500 - 8,000 sqft | 3 | 2 | 74 | 0 | 0 | 49 |
| $285,000 | 1,504 | 6,500 - 8,000 sqft | 3 | 2 | 73 | 4 | 1 | 42 |
| $259,600 | 1,155 | 6,500 - 8,000 sqft | 2 | 1.5 | 71 | 3 | 3 | 17 |