Real-Time Real Estate Market Report

Albuquerque, NM 87113

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87113

Fri Oct 18 2024
This week the median list price for Albuquerque, NM 87113 is $465,000 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has increased to 25. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Albuquerque, NM 87113

Fri Oct 18 2024
This week the median list price for Albuquerque, NM 87113 is $465,000 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has increased to 25. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $465,000
Median Price of New Listings $331,450
Per Square Foot $243
Average Days on Market 76
Median Days on Market 70
Price Decreased 64%
Price Increased 0%
Relisted 20%
Inventory 25
Median Rent
Market Action 44
Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

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
$640,500 2,671 0.5 - 1 acre 4 3 19 0 1 129
$502,500 2,169 6,500 - 8,000 sqft 3 3 22 0 1 28
$442,500 1,860 4,500 - 6,500 sqft 3 3 25 2 0 31
$317,000 1,400 6,500 - 8,000 sqft 3 2 39 2 0 70