Real-Time Real Estate Market Report

Albuquerque, NM

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM

Sun Feb 25 2024
This week the median list price for Albuquerque, NM is $425,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 492. 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

Sun Feb 25 2024
This week the median list price for Albuquerque, NM is $425,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 492. 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 $425,000
Median Price of New Listings $389,950
Per Square Foot $210
Average Days on Market 79
Median Days on Market 42
Price Decreased 42%
Price Increased 2%
Relisted 8%
Inventory 492
Median Rent
Market Action 48
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
$759,751 3,300 0.25 - 0.5 acre 4 3 27 14 9 91
$485,000 2,292 6,500 - 8,000 sqft 3 3 25 23 24 49
$377,000 1,960 6,500 - 8,000 sqft 3 2 45 23 28 28
$289,900 1,436 6,500 - 8,000 sqft 3 2 60 32 34 21