Market Conditions Report

Albuquerque, NM 87110

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87110

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87110 is $307,450 with the market action index hovering around 60. This is less than last month's market action index of 67. Inventory has decreased to 42. 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 cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87110

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87110 is $307,450 with the market action index hovering around 60. This is less than last month's market action index of 67. Inventory has decreased to 42. 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 cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $307,450
Median Price of New Listings $299,000
Per Square Foot $180
Average Days on Market 48
Median Days on Market 35
Price Decreased 57%
Price Increased 2%
Relisted 12%
Inventory 42
Median Rent
Market Action 60
Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$449,500 3,108 0.25 - 0.5 acre 4 3 58 2 3 24
$348,500 1,800 8,000 - 10,000 sqft 3 2 65 1 3 56
$299,000 1,566 6,500 - 8,000 sqft 3 2 64 5 3 35
$259,900 1,559 6,500 - 8,000 sqft 3 2 68 3 7 35