Market Conditions Report

Albuquerque, NM

Single-Family Homes

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Albuquerque, NM

Thu Jan 28 2021
This week the median list price for Albuquerque, NM is $354,900 with the market action index hovering around 59. This is an increase over last month's market action index of 56. Inventory has held steady at or around 436. 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 settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Albuquerque, NM

Thu Jan 28 2021
This week the median list price for Albuquerque, NM is $354,900 with the market action index hovering around 59. This is an increase over last month's market action index of 56. Inventory has held steady at or around 436. 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 settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $354,900
Per Square Foot $162
Days on Market 87
Price Decreased 33%
Price Increased 6%
Relisted 8%
Inventory 436
Median Rent $1,400
Most Expensive $2,849,000
Least Expensive $65,000
Market Action 59
Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

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
$719,000 3,608 0.25 - 0.5 acre 4 4 21 9 17 154
$400,000 2,495 6,500 - 8,000 sqft 4 3 26 21 27 90
$299,000 2,050 6,500 - 8,000 sqft 3 2 44 31 46 50
$205,000 1,438 6,500 - 8,000 sqft 3 2 62 44 60 51