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 Nov 21 2024
This week the median list price for Albuquerque, NM 87120 is $475,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 115. 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.

Slight Seller's Advantage

Market Narrative

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

Thu Nov 21 2024
This week the median list price for Albuquerque, NM 87120 is $475,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 115. 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.

Slight Seller's Advantage

Market Narrative

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 $475,000
Median Price of New Listings $405,000
Per Square Foot $200
Average Days on Market 82
Median Days on Market 49
Price Decreased 56%
Price Increased 1%
Relisted 6%
Inventory 115
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$644,500 2,807 8,000 - 10,000 sqft 4 3 6 2 5 49
$498,000 2,560 4,500 - 6,500 sqft 4 3 18 0 3 49
$410,000 2,148 6,500 - 8,000 sqft 3 3 22 5 3 49
$340,000 1,727 4,500 - 6,500 sqft 3 2 30 2 10 70