Real-Time Real Estate Market Report

Albuquerque, NM 87111

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87111

Mon Jun 24 2024
This week the median list price for Albuquerque, NM 87111 is $535,000 with the market action index hovering around 65. This is an increase over last month's market action index of 63. Inventory has held steady at or around 47. 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

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.

Albuquerque, NM 87111

Mon Jun 24 2024
This week the median list price for Albuquerque, NM 87111 is $535,000 with the market action index hovering around 65. This is an increase over last month's market action index of 63. Inventory has held steady at or around 47. 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

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.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $535,000
Median Price of New Listings $537,450
Per Square Foot $229
Average Days on Market 48
Median Days on Market 28
Price Decreased 47%
Price Increased 0%
Relisted 6%
Inventory 47
Median Rent
Market Action 65
Strong Seller's Market

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.

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
$839,000 3,819 0.25 - 0.5 acre 4 4 29 2 3 35
$599,500 2,528 8,000 - 10,000 sqft 3 3 37 2 2 28
$495,500 1,910 8,000 - 10,000 sqft 3 2 39 1 5 21
$362,400 1,809 6,500 - 8,000 sqft 3 2 59 3 4 42