Real-Time Real Estate Market Report
Albuquerque, NM 87111
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Albuquerque, NM 87111
Fri Apr 26 2024
This week the median list price for Albuquerque, NM 87111 is $635,000 with the market action index hovering around 64. This is less than last month's market action index of 65. Inventory has decreased to 41.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $635,000 | |
| Median Price of New Listings | $475,000 | |
| Per Square Foot | $223 | |
| Average Days on Market | 40 | |
| Median Days on Market | 14 | |
| Price Decreased | 34% | |
| Price Increased | 5% | |
| Relisted | 7% | |
| Inventory | 41 | |
| Median Rent | ||
| Market Action | 64 | |
| Strong Seller's Market | ||
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
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 |
|---|---|---|---|---|---|---|---|---|
| $872,000 | 4,076 | 0.25 - 0.5 acre | 4 | 4 | 31 | 1 | 2 | 21 |
| $694,500 | 2,922 | 8,000 - 10,000 sqft | 4 | 3 | 33 | 2 | 1 | 24 |
| $538,250 | 2,396 | 8,000 - 10,000 sqft | 3 | 3 | 43 | 2 | 4 | 10 |
| $340,000 | 1,751 | 8,000 - 10,000 sqft | 3 | 2 | 64 | 4 | 6 | 14 |