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 Dec 26 2024
This week the median list price for Albuquerque, NM 87113 is $489,999 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has decreased to 17. 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 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

Thu Dec 26 2024
This week the median list price for Albuquerque, NM 87113 is $489,999 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has decreased to 17. 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 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 $489,999
Median Price of New Listings $0
Per Square Foot $241
Average Days on Market 105
Median Days on Market 70
Price Decreased 65%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 39
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$779,975 3,001 6,500 - 8,000 sqft 4 3 19 0 0 133
$546,500 2,517 0.5 - 1 acre 4 3 23 0 2 105
$472,450 1,837 0 - 4,500 sqft 3 3 21 0 0 49
$375,000 1,729 4,500 - 6,500 sqft 3 3 25 0 0 70