Real-Time Real Estate Market Report

Albuquerque, NM 87113

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87113

Sat Feb 04 2023
This week the median list price for Albuquerque, NM 87113 is $515,000 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has increased to 12. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87113

Sat Feb 04 2023
This week the median list price for Albuquerque, NM 87113 is $515,000 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has increased to 12. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $515,000
Median Price of New Listings $389,450
Per Square Foot $215
Average Days on Market 211
Median Days on Market 11
Price Decreased 17%
Price Increased 8%
Relisted 0%
Inventory 12
Median Rent
Market Action 53
Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$1,250,000 4,516 6,500 - 8,000 sqft 4 4 2 0 0 1120
$550,000 3,065 6,500 - 8,000 sqft 4 3 17 1 0 49
$399,900 2,701 6,500 - 8,000 sqft 4 3 23 1 0 7
$355,000 1,683 0 - 4,500 sqft 3 3 23 2 0 0