Real-Time Real Estate Market Report

Albuquerque, NM

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM

Thu Mar 23 2023
This week the median list price for Albuquerque, NM is $428,325 with the market action index hovering around 57. This is an increase over last month's market action index of 54. Inventory has decreased to 407. 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

Thu Mar 23 2023
This week the median list price for Albuquerque, NM is $428,325 with the market action index hovering around 57. This is an increase over last month's market action index of 54. Inventory has decreased to 407. 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 $428,325
Median Price of New Listings $354,000
Per Square Foot $211
Average Days on Market 81
Median Days on Market 42
Price Decreased 36%
Price Increased 4%
Relisted 8%
Inventory 407
Median Rent
Market Action 57
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$819,900 3,538 0.25 - 0.5 acre 4 4 23 11 11 70
$523,250 2,435 6,500 - 8,000 sqft 4 3 19 12 14 42
$375,000 1,945 6,500 - 8,000 sqft 4 2 29 16 10 42
$288,500 1,454 6,500 - 8,000 sqft 3 2 64 34 32 21