Market Conditions Report

Albuquerque, NM 87122

Single-Family Homes

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



Albuquerque, NM 87122

Mon Jun 21 2021
This week the median list price for Albuquerque, NM 87122 is $950,000 with the market action index hovering around 62. This is less than last month's market action index of 70. Inventory has decreased to 35. 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

Mon Jun 21 2021
This week the median list price for Albuquerque, NM 87122 is $950,000 with the market action index hovering around 62. This is less than last month's market action index of 70. Inventory has decreased to 35. 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 $950,000
Median Price of New Listings $787,000
Per Square Foot $241
Average Days on Market 47
Median Days on Market 28
Price Decreased 26%
Price Increased 3%
Relisted 11%
Inventory 35
Median Rent
Market Action 62
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$2,049,500 6,759 0.5 - 1 acre 5 6 8 2 0 28
$1,280,000 5,259 0.5 - 1 acre 5 5 16 1 0 28
$875,000 4,000 0.5 - 1 acre 4 4 25 2 1 28
$600,000 2,424 8,000 - 10,000 sqft 4 3 23 3 4 21