Real-Time Real Estate Market Report

Albuquerque, NM 87110

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87110

Tue Jun 06 2023
This week the median list price for Albuquerque, NM 87110 is $384,000 with the market action index hovering around 75. This is less than last month's market action index of 77. Inventory has increased to 21. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 87110

Tue Jun 06 2023
This week the median list price for Albuquerque, NM 87110 is $384,000 with the market action index hovering around 75. This is less than last month's market action index of 77. Inventory has increased to 21. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $384,000
Median Price of New Listings $260,000
Per Square Foot $192
Average Days on Market 32
Median Days on Market 14
Price Decreased 43%
Price Increased 5%
Relisted 5%
Inventory 21
Median Rent
Market Action 75
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$710,000 2,940 0.25 - 0.5 acre 4 3 58 1 1 7
$415,000 2,211 0.25 - 0.5 acre 4 2 63 1 1 14
$359,000 1,766 6,500 - 8,000 sqft 3 2 70 1 1 28
$227,500 1,356 6,500 - 8,000 sqft 3 2 67 4 4 0