Real-Time Real Estate Market Report

Albuquerque, NM 87110

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87110

Thu Mar 23 2023
This week the median list price for Albuquerque, NM 87110 is $386,950 with the market action index hovering around 69. This is an increase over last month's market action index of 66. Inventory has decreased to 18. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Albuquerque, NM 87110

Thu Mar 23 2023
This week the median list price for Albuquerque, NM 87110 is $386,950 with the market action index hovering around 69. This is an increase over last month's market action index of 66. Inventory has decreased to 18. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $386,950
Median Price of New Listings $287,450
Per Square Foot $212
Average Days on Market 58
Median Days on Market 42
Price Decreased 44%
Price Increased 11%
Relisted 11%
Inventory 18
Median Rent
Market Action 69
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

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
$622,000 3,051 0.25 - 0.5 acre 3 3 55 1 1 66
$403,900 1,984 6,500 - 8,000 sqft 3 2 68 0 0 49
$360,000 1,651 8,000 - 10,000 sqft 3 2 73 0 0 21
$245,000 1,282 6,500 - 8,000 sqft 4 2 71 3 3 0