Real-Time Real Estate Market Report

Albuquerque, NM 87113

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87113

Wed Jun 07 2023
This week the median list price for Albuquerque, NM 87113 is $707,450 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has increased to 14. 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

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

Wed Jun 07 2023
This week the median list price for Albuquerque, NM 87113 is $707,450 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has increased to 14. 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

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 $707,450
Median Price of New Listings $544,950
Per Square Foot $273
Average Days on Market 224
Median Days on Market 28
Price Decreased 14%
Price Increased 0%
Relisted 7%
Inventory 14
Median Rent
Market Action 41
Slight Seller's Advantage

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 1246
$765,000 2,520 6,500 - 8,000 sqft 3 3 4 0 0 56
$669,950 2,766 4,500 - 6,500 sqft 4 3 3 1 0 7
$515,000 2,657 4,500 - 6,500 sqft 4 3 23 1 2 14