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 Feb 28 2024
This week the median list price for Albuquerque, NM 87121 is $315,000 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has increased to 49. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Albuquerque, NM 87121

Wed Feb 28 2024
This week the median list price for Albuquerque, NM 87121 is $315,000 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has increased to 49. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $315,000
Median Price of New Listings $296,950
Per Square Foot $190
Average Days on Market 58
Median Days on Market 21
Price Decreased 16%
Price Increased 8%
Relisted 4%
Inventory 49
Median Rent
Market Action 58
Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$365,510 2,090 0 - 4,500 sqft 4 3 0 2 0 21
$330,000 1,932 4,500 - 6,500 sqft 3 3 18 3 2 24
$299,950 1,563 0 - 4,500 sqft 3 2 18 5 2 10
$265,000 1,309 4,500 - 6,500 sqft 3 2 37 4 3 28