Market Conditions Report

Albuquerque, NM 87111

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87111

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87111 is $419,000 with the market action index hovering around 64. This is less than last month's market action index of 65. Inventory has increased to 57. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Albuquerque, NM 87111

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87111 is $419,000 with the market action index hovering around 64. This is less than last month's market action index of 65. Inventory has increased to 57. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $419,000
Median Price of New Listings $372,000
Per Square Foot $201
Average Days on Market 49
Median Days on Market 28
Price Decreased 40%
Price Increased 5%
Relisted 9%
Inventory 57
Median Rent
Market Action 64
Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

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
$995,000 4,278 0.25 - 0.5 acre 4 4 32 2 2 35
$485,000 2,396 8,000 - 10,000 sqft 4 3 43 3 1 35
$378,500 2,001 6,500 - 8,000 sqft 3 2 51 5 4 31
$330,000 1,742 6,500 - 8,000 sqft 3 2 40 4 2 14