Market Conditions Report

Albuquerque, NM 87122

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87122

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87122 is $815,000 with the market action index hovering around 46. This is less than last month's market action index of 52. Inventory has increased to 39. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Albuquerque, NM 87122

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87122 is $815,000 with the market action index hovering around 46. This is less than last month's market action index of 52. Inventory has increased to 39. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $815,000
Median Price of New Listings $817,000
Per Square Foot $249
Average Days on Market 50
Median Days on Market 35
Price Decreased 51%
Price Increased 3%
Relisted 5%
Inventory 39
Median Rent
Market Action 46
Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

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
$1,375,000 5,017 0.5 - 1 acre 5 5 17 1 1 35
$960,000 3,771 0.5 - 1 acre 4 3.5 26 2 1 56
$772,000 3,360 0.5 - 1 acre 4 3 29 3 0 42
$624,500 2,701 6,500 - 8,000 sqft 4 3 22 0 1 28