Market Conditions Report
Albuquerque, NM 87113
Single-Family Homes
A Real-Time Look at the Real Estate Marketplace
Albuquerque, NM 87113
Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87113 is $447,450 with the market action index hovering around 59. This is an increase over last month's market action index of 55. Inventory has decreased to 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $447,450 | |
| Median Price of New Listings | $404,950 | |
| Per Square Foot | $207 | |
| Average Days on Market | 149 | |
| Median Days on Market | 53 | |
| Price Decreased | 56% | |
| Price Increased | 11% | |
| Relisted | 0% | |
| Inventory | 18 | |
| Median Rent | ||
| Market Action | 59 | |
| Strong Seller's Market | ||
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
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 |
|---|---|---|---|---|---|---|---|---|
| $889,187 | 2,877 | 4,500 - 6,500 sqft | 4 | 3.8 | 1 | 0 | 1 | 525 |
| $524,950 | 2,340 | 4,500 - 6,500 sqft | 4 | 3 | 18 | 1 | 0 | 35 |
| $389,900 | 2,159 | 4,500 - 6,500 sqft | 4 | 3 | 19 | 3 | 2 | 56 |
| $349,900 | 1,815 | 6,500 - 8,000 sqft | 3 | 2 | 23 | 0 | 0 | 49 |