Single-Family Homes
Thu Feb 13 2025
This week the median list price for Albuquerque, NM 87111 is $572,500 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has increased to 62.
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 settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Median List Price | $572,500 | |
Median Price of New Listings | $662,000 | |
Per Square Foot | $233 | |
Average Days on Market | 89 | |
Median Days on Market | 56 | |
Price Decreased | 40% | |
Price Increased | 2% | |
Relisted | 8% | |
Inventory | 62 | |
Median Rent | ||
Market Action | 42 | |
Slight Seller's Advantage |
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,100,000 | 3,727 | 1 - 2.5 acres | 4 | 4 | 27 | 5 | 2 | 56 |
$670,000 | 2,889 | 0.25 - 0.5 acre | 4 | 3 | 34 | 2 | 0 | 105 |
$522,099 | 2,310 | - | 4 | 2 | 49 | 2 | 5 | 56 |
$357,450 | 1,739 | - | 3 | 2 | 60 | 3 | 4 | 49 |