Market Conditions Report

Albuquerque, NM 87110

Single-Family Homes

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Albuquerque, NM 87110

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87110 is $319,000 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has decreased to 27. 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 appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Albuquerque, NM 87110

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87110 is $319,000 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has decreased to 27. 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 appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $319,000
Median Price of New Listings $289,900
Per Square Foot $165
Average Days on Market 28
Median Days on Market 14
Price Decreased 48%
Price Increased 0%
Relisted 0%
Inventory 27
Median Rent
Market Action 82
Strong Seller's Market

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$454,450 2,699 8,000 - 10,000 sqft 5 3 59 3 2 14
$325,000 2,088 6,500 - 8,000 sqft 3 2 65 1 0 42
$279,900 1,687 6,500 - 8,000 sqft 3 2 68 4 4 0
$224,900 1,268 6,500 - 8,000 sqft 3 2 69 3 2 21