Market Conditions Report

Albuquerque, NM 87102

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87102

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87102 is $250,000 with the market action index hovering around 57. This is less than last month's market action index of 62. Inventory has held steady at or around 17. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 87102

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87102 is $250,000 with the market action index hovering around 57. This is less than last month's market action index of 62. Inventory has held steady at or around 17. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $250,000
Median Price of New Listings $187,450
Per Square Foot $189
Average Days on Market 79
Median Days on Market 77
Price Decreased 53%
Price Increased 12%
Relisted 24%
Inventory 17
Median Rent
Market Action 57
Strong Seller's Market

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

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
$445,500 2,261 6,500 - 8,000 sqft 3 3 109 0 0 129
$307,500 1,589 4,500 - 6,500 sqft 3 2 75 0 1 24
$241,500 1,186 4,500 - 6,500 sqft 2 1 78 1 2 108
$170,000 1,066 0 - 4,500 sqft 2 1 83 1 1 7