Market Conditions Report

Albuquerque, NM 87121

Single-Family Homes

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Albuquerque, NM 87121

Thu Feb 25 2021
This week the median list price for Albuquerque, NM 87121 is $192,500 with the market action index hovering around 90. This is an increase over last month's market action index of 88. Inventory has held steady at or around 16. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Albuquerque, NM 87121

Thu Feb 25 2021
This week the median list price for Albuquerque, NM 87121 is $192,500 with the market action index hovering around 90. This is an increase over last month's market action index of 88. Inventory has held steady at or around 16. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $192,500
Per Square Foot $122
Days on Market 11
Price Decreased 25%
Price Increased 13%
Relisted 6%
Inventory 16
Median Rent $1,198
Most Expensive $449,900
Least Expensive $119,000
Market Action 90
Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

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
$242,500 2,263 6,500 - 8,000 sqft 4 2 19 3 2 10
$224,450 1,386 0 - 4,500 sqft 3 2 15 1 2 45
$184,900 1,549 4,500 - 6,500 sqft 3 2 23 2 3 3
$164,950 1,396 4,500 - 6,500 sqft 3 2 29 1 2 45