Albuquerque, NM 87111

Market Conditions Report

Albuquerque, NM 87111

Single-Family Homes

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

Wed Mar 03 2021
This week the median list price for Albuquerque, NM 87111 is $465,000 with the market action index hovering around 69. This is an increase over last month's market action index of 62. Inventory has held steady at or around 35. 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

Median List Price		$465,000
Per Square Foot		$176
Days on Market		14
Price Decreased		29%
Price Increased		3%
Relisted		14%
Inventory		35
Median Rent		$1,450
Most Expensive		$2,200,000
Least Expensive		$189,900
Market Action		69
Strong Seller's Market

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
$1,625,000	5,107	0.5 - 1 acre	4	4	17	2	1	133
$629,900	3,526	8,000 - 10,000 sqft	4	3	30	3	2	35
$425,000	2,192	6,500 - 8,000 sqft	3	2	34	4	4	7
$289,000	2,010	6,500 - 8,000 sqft	3	2	49	2	3	14

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,625,000	5,107	0.5 - 1 acre	4	4	17	2	1	133
$629,900	3,526	8,000 - 10,000 sqft	4	3	30	3	2	35
$425,000	2,192	6,500 - 8,000 sqft	3	2	34	4	4	7
$289,000	2,010	6,500 - 8,000 sqft	3	2	49	2	3	14

Median Price	Top $1,625,000	Upper $629,900	Lower $425,000	Bottom $289,000
Sq. Ft.	5,107	3,526	2,192	2,010
Lot Size	0.5 - 1 acre	8,000 - 10,000 sqft	6,500 - 8,000 sqft	6,500 - 8,000 sqft
Beds	4	4	3	3
Baths	4	3	2	2
Age	17	30	34	49
New	2	3	4	2
Absorbed	1	2	4	3
DOM	133	35	7	14

Market Conditions Report