Wed Jun 07 2023
This week the median list price for Albuquerque, NM 87120 is $521,900 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has decreased to 71.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$521,900|
|Median Price of New Listings||$435,000|
|Per Square Foot||$215|
|Average Days on Market||48|
|Median Days on Market||28|
|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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$720,000||2,726||0.25 - 0.5 acre||4||3||8||3||3||56|
|$544,820||2,718||6,500 - 8,000 sqft||4||3||6||2||1||24|
|$461,250||2,012||6,500 - 8,000 sqft||3||2||4||1||6||31|
|$356,950||1,709||4,500 - 6,500 sqft||3||2||21||6||8||14|