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. 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

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.

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. 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

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

Never miss important changes in the Albuquerque market.
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