Real-Time Real Estate Market Report

Albuquerque, NM 87108

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87108

Wed Feb 21 2024
This week the median list price for Albuquerque, NM 87108 is $392,500 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 20. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Albuquerque, NM 87108

Wed Feb 21 2024
This week the median list price for Albuquerque, NM 87108 is $392,500 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 20. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $392,500
Median Price of New Listings $294,500
Per Square Foot $193
Average Days on Market 79
Median Days on Market 28
Price Decreased 45%
Price Increased 0%
Relisted 0%
Inventory 20
Median Rent
Market Action 44
Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently 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
$625,000 3,594 0.25 - 0.5 acre 3 3 71 0 0 154
$448,000 2,118 6,500 - 8,000 sqft 3 2 70 0 0 21
$300,000 1,879 6,500 - 8,000 sqft 3 2 68 1 1 28
$272,000 1,464 6,500 - 8,000 sqft 3 2 72 0 1 14