Real-Time Real Estate Market Report

Albuquerque, NM 87121

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87121

Sat Jul 27 2024
This week the median list price for Albuquerque, NM 87121 is $334,245 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has increased to 72. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sat Jul 27 2024
This week the median list price for Albuquerque, NM 87121 is $334,245 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has increased to 72. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $334,245
Median Price of New Listings $315,000
Per Square Foot $189
Average Days on Market 52
Median Days on Market 35
Price Decreased 32%
Price Increased 11%
Relisted 1%
Inventory 72
Median Rent
Market Action 53
Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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
$382,500 2,206 4,500 - 6,500 sqft 4 3 0 4 2 52
$349,045 1,933 4,500 - 6,500 sqft 4 3 6 4 6 38
$323,900 1,732 4,500 - 6,500 sqft 3 2 18 3 3 42
$280,000 1,401 4,500 - 6,500 sqft 3 2 23 8 9 7