Real-Time Real Estate Market Report

Albuquerque, NM 87102

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87102

Wed Apr 24 2024
This week the median list price for Albuquerque, NM 87102 is $350,000 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 14. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Albuquerque, NM 87102

Wed Apr 24 2024
This week the median list price for Albuquerque, NM 87102 is $350,000 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 14. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $350,000
Median Price of New Listings $350,000
Per Square Foot $214
Average Days on Market 110
Median Days on Market 67
Price Decreased 43%
Price Increased 0%
Relisted 7%
Inventory 14
Median Rent
Market Action 54
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$550,000 2,994 6,500 - 8,000 sqft 5 3 118 0 0 224
$379,900 1,548 0 - 4,500 sqft 3 3 113 1 1 49
$350,000 1,733 6,500 - 8,000 sqft 3 2.5 61 1 1 98
$194,000 852 4,500 - 6,500 sqft 2 1 88 1 1 35