Market Conditions Report

Albuquerque, NM 87121

Single-Family Homes

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Albuquerque, NM 87121

Tue May 18 2021
This week the median list price for Albuquerque, NM 87121 is $228,500 with the market action index hovering around 97. This is about the same as last month's market action index of 97. Inventory has decreased to 22. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Albuquerque, NM 87121

Tue May 18 2021
This week the median list price for Albuquerque, NM 87121 is $228,500 with the market action index hovering around 97. This is about the same as last month's market action index of 97. Inventory has decreased to 22. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $228,500
Median Price of New Listings $222,750
Per Square Foot $135
Average Days on Market 29
Median Days on Market 0
Price Decreased 14%
Price Increased 5%
Relisted 5%
Inventory 22
Median Rent $1,495
Market Action 97
Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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
$299,000 2,130 4,500 - 6,500 sqft 3 3 15 2 2 21
$249,900 1,995 4,500 - 6,500 sqft 3 3 15 4 3 0
$213,750 1,228 4,500 - 6,500 sqft 2 1 24 5 5 0
$160,000 1,419 6,500 - 8,000 sqft 2 2 45 3 2 7