Real-Time Real Estate Market Report

Albuquerque, NM 87111

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87111

Sat Jul 27 2024
This week the median list price for Albuquerque, NM 87111 is $530,000 with the market action index hovering around 55. This is less than last month's market action index of 59. Inventory has increased to 70. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87111

Sat Jul 27 2024
This week the median list price for Albuquerque, NM 87111 is $530,000 with the market action index hovering around 55. This is less than last month's market action index of 59. Inventory has increased to 70. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $530,000
Median Price of New Listings $535,000
Per Square Foot $232
Average Days on Market 44
Median Days on Market 39
Price Decreased 49%
Price Increased 0%
Relisted 6%
Inventory 70
Median Rent
Market Action 55
Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$829,000 3,095 8,000 - 10,000 sqft 4 3 30 4 1 28
$625,000 2,626 8,000 - 10,000 sqft 4 3 38 4 1 56
$467,500 2,144 8,000 - 10,000 sqft 4 3 47 4 2 45
$364,500 1,859 6,500 - 8,000 sqft 3 2 58 5 5 31