Albuquerque, NM 87110

Market Conditions Report

Albuquerque, NM 87110

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888

Sun Mar 07 2021
This week the median list price for Albuquerque, NM 87110 is $387,450 with the market action index hovering around 68. This is an increase over last month's market action index of 59. Inventory has held steady at or around 24. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Median List Price		$387,450
Per Square Foot		$167
Days on Market		21
Price Decreased		29%
Price Increased		0%
Relisted		4%
Inventory		24
Median Rent		$1,250
Most Expensive		$1,000,000
Least Expensive		$97,500
Market Action		68
Strong Seller's Market

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
$507,450	2,574	0.25 - 0.5 acre	3	2	67	2	1	56
$417,000	2,150	8,000 - 10,000 sqft	3	2	60	1	0	21
$349,500	2,151	6,500 - 8,000 sqft	4	2	59	2	2	7
$222,450	1,578	8,000 - 10,000 sqft	3	2	67	3	3	21

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$507,450	2,574	0.25 - 0.5 acre	3	2	67	2	1	56
$417,000	2,150	8,000 - 10,000 sqft	3	2	60	1	0	21
$349,500	2,151	6,500 - 8,000 sqft	4	2	59	2	2	7
$222,450	1,578	8,000 - 10,000 sqft	3	2	67	3	3	21

Median Price	Top $507,450	Upper $417,000	Lower $349,500	Bottom $222,450
Sq. Ft.	2,574	2,150	2,151	1,578
Lot Size	0.25 - 0.5 acre	8,000 - 10,000 sqft	6,500 - 8,000 sqft	8,000 - 10,000 sqft
Beds	3	3	4	3
Baths	2	2	2	2
Age	67	60	59	67
New	2	1	2	3
Absorbed	1	0	2	3
DOM	56	21	7	21

Market Conditions Report