Real-Time Real Estate Market Report

Albuquerque, NM 87110

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87110

Tue Oct 22 2024
This week the median list price for Albuquerque, NM 87110 is $354,999 with the market action index hovering around 42. This is less than last month's market action index of 49. Inventory has increased to 74. 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

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 Oct 22 2024
This week the median list price for Albuquerque, NM 87110 is $354,999 with the market action index hovering around 42. This is less than last month's market action index of 49. Inventory has increased to 74. 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

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 $354,999
Median Price of New Listings $379,000
Per Square Foot $200
Average Days on Market 74
Median Days on Market 42
Price Decreased 58%
Price Increased 0%
Relisted 35%
Inventory 74
Median Rent
Market Action 42
Slight Seller's Advantage

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
$569,500 2,675 8,000 - 10,000 sqft 3 3 64 0 3 42
$389,000 1,976 6,500 - 8,000 sqft 3 2 67 5 1 17
$335,000 1,805 6,500 - 8,000 sqft 3 2 71 2 0 77
$292,000 1,275 6,500 - 8,000 sqft 3 2 71 2 4 35