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 Feb 04 2023
This week the median list price for Albuquerque, NM 87111 is $529,900 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 43.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $529,900 | |
| Median Price of New Listings | $479,500 | |
| Per Square Foot | $209 | |
| Average Days on Market | 74 | |
| Median Days on Market | 70 | |
| Price Decreased | 63% | |
| Price Increased | 2% | |
| Relisted | 9% | |
| Inventory | 43 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
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The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing 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 |
|---|---|---|---|---|---|---|---|---|
| $1,297,000 | 4,694 | 0.5 - 1 acre | 4 | 4 | 22 | 0 | 1 | 87 |
| $625,000 | 3,148 | 8,000 - 10,000 sqft | 4 | 3 | 36 | 2 | 1 | 70 |
| $470,000 | 2,290 | 6,500 - 8,000 sqft | 3 | 2 | 42 | 3 | 4 | 70 |
| $340,000 | 1,813 | 6,500 - 8,000 sqft | 3 | 2 | 51 | 2 | 5 | 42 |