Real-Time Real Estate Market Report
Albuquerque, NM 87120
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Albuquerque, NM 87120
Wed Jan 15 2025
This week the median list price for Albuquerque, NM 87120 is $464,900 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 109.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $464,900 | |
| Median Price of New Listings | $444,900 | |
| Per Square Foot | $204 | |
| Average Days on Market | 78 | |
| Median Days on Market | 56 | |
| Price Decreased | 48% | |
| Price Increased | 3% | |
| Relisted | 8% | |
| Inventory | 109 | |
| Median Rent | ||
| Market Action | 39 | |
| Slight Seller's Advantage | ||
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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 |
|---|---|---|---|---|---|---|---|---|
| $675,000 | 2,796 | 8,000 - 10,000 sqft | 3 | 3 | 9 | 6 | 2 | 56 |
| $499,900 | 2,416 | 4,500 - 6,500 sqft | 3 | 3 | 15 | 3 | 1 | 77 |
| $395,000 | 2,070 | 8,000 - 10,000 sqft | 3 | 3 | 20 | 5 | 4 | 56 |
| $328,000 | 1,650 | 4,500 - 6,500 sqft | 3 | 2 | 31 | 5 | 1 | 42 |