Market Conditions Report

Albuquerque, NM 87120

Single-Family Homes

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Albuquerque, NM 87120

Mon May 17 2021
This week the median list price for Albuquerque, NM 87120 is $349,900 with the market action index hovering around 93. This is an increase over last month's market action index of 92. Inventory has decreased to 34. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Albuquerque, NM 87120

Mon May 17 2021
This week the median list price for Albuquerque, NM 87120 is $349,900 with the market action index hovering around 93. This is an increase over last month's market action index of 92. Inventory has decreased to 34. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $349,900
Median Price of New Listings $289,900
Per Square Foot $165
Average Days on Market 56
Median Days on Market 11
Price Decreased 18%
Price Increased 15%
Relisted 9%
Inventory 34
Median Rent $1,225
Market Action 93
Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

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
$644,245 3,414 0.25 - 0.5 acre 4 4 10 1 0 28
$419,000 2,601 0.25 - 0.5 acre 4 3 15 2 4 21
$315,000 2,140 6,500 - 8,000 sqft 3 3 16 4 4 7
$250,000 1,557 4,500 - 6,500 sqft 3 2 26 6 4 0