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 Sep 21 2023
This week the median list price for Albuquerque, NM 87111 is $509,900 with the market action index hovering around 61. This is an increase over last month's market action index of 59. Inventory has decreased to 45. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Albuquerque, NM 87111

Thu Sep 21 2023
This week the median list price for Albuquerque, NM 87111 is $509,900 with the market action index hovering around 61. This is an increase over last month's market action index of 59. Inventory has decreased to 45. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $509,900
Median Price of New Listings $514,950
Per Square Foot $224
Average Days on Market 49
Median Days on Market 35
Price Decreased 40%
Price Increased 2%
Relisted 4%
Inventory 45
Median Rent
Market Action 61
Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

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 4,004 0.25 - 0.5 acre 4 4 27 2 3 42
$585,000 2,365 8,000 - 10,000 sqft 4 3 30 4 1 35
$445,000 1,958 6,500 - 8,000 sqft 4 2.5 56 3 4 35
$378,500 1,928 8,000 - 10,000 sqft 3 2 51 3 5 14