Market Conditions Report

Albuquerque, NM 87111

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Albuquerque, NM 87111

Tue May 11 2021
This week the median list price for Albuquerque, NM 87111 is $522,450 with the market action index hovering around 87. This is an increase over last month's market action index of 86. Inventory has held steady at or around 28. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Albuquerque, NM 87111

Tue May 11 2021
This week the median list price for Albuquerque, NM 87111 is $522,450 with the market action index hovering around 87. This is an increase over last month's market action index of 86. Inventory has held steady at or around 28. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $522,450
Median Price of New Listings $455,000
Per Square Foot $194
Average Days on Market 62
Median Days on Market 14
Price Decreased 29%
Price Increased 4%
Relisted 18%
Inventory 28
Median Rent $1,411
Market Action 87
Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$1,750,000 5,363 1 - 2.5 acres 3 4 15 1 0 84
$650,000 3,028 0.25 - 0.5 acre 4 3 31 4 3 28
$415,000 2,295 6,500 - 8,000 sqft 3 3 43 4 4 0
$333,333 1,958 8,000 - 10,000 sqft 3 3 44 5 5 0