Real-Time Real Estate Market Report

Albuquerque, NM 87121

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87121

Wed May 01 2024
This week the median list price for Albuquerque, NM 87121 is $339,900 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has increased to 59. 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 recently plateaued. 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 87121

Wed May 01 2024
This week the median list price for Albuquerque, NM 87121 is $339,900 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has increased to 59. 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 recently plateaued. 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 $339,900
Median Price of New Listings $324,990
Per Square Foot $213
Average Days on Market 54
Median Days on Market 21
Price Decreased 25%
Price Increased 2%
Relisted 2%
Inventory 59
Median Rent
Market Action 60
Strong Seller's Market

The market has started cooling and prices have recently plateaued. 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
$412,450 2,245 4,500 - 6,500 sqft 4 3 0 2 0 28
$354,990 2,090 4,500 - 6,500 sqft 4 2.5 0 3 0 28
$325,000 1,573 4,500 - 6,500 sqft 3 2 2 3 1 28
$255,000 1,100 4,500 - 6,500 sqft 3 2 23 5 4 7