Real-Time Real Estate Market Report

Albuquerque, NM 87120

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87120

Sat Feb 04 2023
This week the median list price for Albuquerque, NM 87120 is $499,900 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 67. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Albuquerque, NM 87120

Sat Feb 04 2023
This week the median list price for Albuquerque, NM 87120 is $499,900 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 67. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $499,900
Median Price of New Listings $419,995
Per Square Foot $213
Average Days on Market 60
Median Days on Market 49
Price Decreased 52%
Price Increased 1%
Relisted 7%
Inventory 67
Median Rent
Market Action 51
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$749,994 2,929 0.25 - 0.5 acre 4 3 1 3 1 28
$584,990 2,455 6,500 - 8,000 sqft 3 3 3 2 0 63
$445,000 2,131 6,500 - 8,000 sqft 3 2 9 3 3 56
$349,000 1,984 4,500 - 6,500 sqft 3 3 26 6 5 14