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 Oct 04 2023
This week the median list price for Albuquerque, NM 87113 is $648,975 with the market action index hovering around 40. This is an increase over last month's market action index of 37. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Albuquerque, NM 87113

Wed Oct 04 2023
This week the median list price for Albuquerque, NM 87113 is $648,975 with the market action index hovering around 40. This is an increase over last month's market action index of 37. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $648,975
Median Price of New Listings $400,000
Per Square Foot $249
Average Days on Market 253
Median Days on Market 116
Price Decreased 61%
Price Increased 0%
Relisted 22%
Inventory 18
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,175,000 3,758 0.5 - 1 acre 4 4 2 0 0 808
$784,499 2,977 8,000 - 10,000 sqft 4 3.5 4 0 1 129
$635,900 2,659 4,500 - 6,500 sqft 4 3 17 1 1 119
$405,000 1,990 4,500 - 6,500 sqft 3 3 24 2 3 21