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

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.

Albuquerque, NM 87111

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

Never miss important changes in the Albuquerque market.
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

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
$1,625,000 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