Real-Time Real Estate Market Report

Albuquerque, NM 87113

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87113

Thu Apr 25 2024
This week the median list price for Albuquerque, NM 87113 is $659,975 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 18. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Albuquerque, NM 87113

Thu Apr 25 2024
This week the median list price for Albuquerque, NM 87113 is $659,975 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 18. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $659,975
Median Price of New Listings $619,900
Per Square Foot $256
Average Days on Market 262
Median Days on Market 63
Price Decreased 22%
Price Increased 11%
Relisted 11%
Inventory 18
Median Rent
Market Action 35
Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

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
$1,137,500 4,114 0.25 - 0.5 acre 4 4 4 0 0 112
$896,250 2,877 6,500 - 8,000 sqft 3 3.5 3 0 0 224
$619,900 2,666 4,500 - 6,500 sqft 4 3 21 3 1 56
$435,000 2,043 6,500 - 8,000 sqft 3 3 25 2 2 28