Market Conditions Report
Albuquerque, NM
Single-Family Homes
A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888
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.
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
| 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 |