Market Conditions Report

Albuquerque, NM

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Albuquerque, NM

Tue Sep 28 2021
This week the median list price for Albuquerque, NM is $365,000 with the market action index hovering around 75. This is less than last month's market action index of 77. Inventory has increased to 556. 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

Tue Sep 28 2021
This week the median list price for Albuquerque, NM is $365,000 with the market action index hovering around 75. This is less than last month's market action index of 77. Inventory has increased to 556. 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 $365,000
Median Price of New Listings $339,900
Per Square Foot $177
Average Days on Market 48
Median Days on Market 21
Price Decreased 38%
Price Increased 4%
Relisted 7%
Inventory 556
Median Rent $1,185
Market Action 75
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$775,000 3,448 0.25 - 0.5 acre 4 3 25 23 20 42
$435,000 2,441 6,500 - 8,000 sqft 3 3 27 44 32 21
$320,000 1,934 6,500 - 8,000 sqft 3 2 35 43 42 21
$230,000 1,425 6,500 - 8,000 sqft 3 2 61 45 62 14