Real-Time Real Estate Market Report

Albuquerque, NM 87120

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87120

Thu Feb 29 2024
This week the median list price for Albuquerque, NM 87120 is $499,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has increased to 75. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Albuquerque, NM 87120

Thu Feb 29 2024
This week the median list price for Albuquerque, NM 87120 is $499,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has increased to 75. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $499,000
Median Price of New Listings $484,500
Per Square Foot $212
Average Days on Market 77
Median Days on Market 56
Price Decreased 40%
Price Increased 3%
Relisted 15%
Inventory 75
Median Rent
Market Action 45
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$734,950 3,540 8,000 - 10,000 sqft 4 4 7 1 3 105
$549,000 2,446 6,500 - 8,000 sqft 3 3 6 6 3 28
$469,000 2,346 6,500 - 8,000 sqft 3 3 19 5 3 91
$355,000 1,836 4,500 - 6,500 sqft 3 2 24 6 4 21