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.
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
| 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 |