Market Conditions Report

Albuquerque, NM 87120

Single-Family Homes

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Albuquerque, NM 87120

Mon Jun 21 2021
This week the median list price for Albuquerque, NM 87120 is $407,450 with the market action index hovering around 92. This is about the same as last month's market action index of 92. Inventory has decreased to 48. 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 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.

Albuquerque, NM 87120

Mon Jun 21 2021
This week the median list price for Albuquerque, NM 87120 is $407,450 with the market action index hovering around 92. This is about the same as last month's market action index of 92. Inventory has decreased to 48. 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 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

Never miss important changes in the Albuquerque market.
Median List Price $407,450
Median Price of New Listings $365,000
Per Square Foot $173
Average Days on Market 44
Median Days on Market 4
Price Decreased 10%
Price Increased 4%
Relisted 4%
Inventory 48
Median Rent $1,225
Market Action 92
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
$642,500 3,352 0.25 - 0.5 acre 4 3 20 4 1 21
$429,995 2,356 6,500 - 8,000 sqft 3 2 7 7 3 0
$364,500 2,318 6,500 - 8,000 sqft 4 2 14 8 7 0
$257,500 1,604 4,500 - 6,500 sqft 3 2 25 8 8 10