Real-Time Real Estate Market Report

Albuquerque, NM 87111

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87111

Thu Dec 26 2024
This week the median list price for Albuquerque, NM 87111 is $491,950 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has decreased to 72. 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

Thu Dec 26 2024
This week the median list price for Albuquerque, NM 87111 is $491,950 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has decreased to 72. 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 $491,950
Median Price of New Listings $340,000
Per Square Foot $226
Average Days on Market 80
Median Days on Market 63
Price Decreased 51%
Price Increased 6%
Relisted 8%
Inventory 72
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
$1,012,500 3,128 0.25 - 0.5 acre 4 3.8 25 0 0 59
$572,500 2,477 6,500 - 8,000 sqft 4 3 38 1 1 73
$407,500 1,890 0.25 - 0.5 acre 3 2 52 1 2 63
$339,950 1,643 8,000 - 10,000 sqft 3 2 62 3 1 35