Real-Time Real Estate Market Report

Albuquerque, NM 87111

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87111

Tue Jan 14 2025
This week the median list price for Albuquerque, NM 87111 is $565,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 53. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 87111

Tue Jan 14 2025
This week the median list price for Albuquerque, NM 87111 is $565,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 53. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $565,000
Median Price of New Listings $575,000
Per Square Foot $231
Average Days on Market 98
Median Days on Market 77
Price Decreased 45%
Price Increased 6%
Relisted 8%
Inventory 53
Median Rent
Market Action 40
Slight Seller's Advantage

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$1,200,000 4,014 0.25 - 0.5 acre 4 4 20 0 0 77
$639,900 2,797 6,500 - 8,000 sqft 4 3 39 3 2 84
$450,000 2,199 - 3 2 49 2 2 84
$339,950 1,566 8,000 - 10,000 sqft 3 2 64 0 2 63