Real-Time Real Estate Market Report
Albuquerque, NM
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Albuquerque, NM
Sat Jun 10 2023
This week the median list price for Albuquerque, NM is $485,000 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has increased to 415.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $485,000 | |
| Median Price of New Listings | $400,000 | |
| Per Square Foot | $214 | |
| Average Days on Market | 67 | |
| Median Days on Market | 28 | |
| Price Decreased | 35% | |
| Price Increased | 4% | |
| Relisted | 5% | |
| Inventory | 415 | |
| Median Rent | ||
| Market Action | 60 | |
| Strong Seller's Market | ||
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
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 |
|---|---|---|---|---|---|---|---|---|
| $845,000 | 3,480 | 0.25 - 0.5 acre | 4 | 3 | 28 | 14 | 7 | 56 |
| $566,948 | 2,577 | 6,500 - 8,000 sqft | 4 | 3 | 21 | 16 | 11 | 28 |
| $422,000 | 2,105 | 6,500 - 8,000 sqft | 4 | 3 | 27 | 28 | 31 | 17 |
| $295,000 | 1,511 | 4,500 - 6,500 sqft | 3 | 2 | 50 | 42 | 34 | 14 |