Single-Family Homes
Thu Feb 06 2025
This week the median list price for Albuquerque, NM 87107 is $455,000 with the market action index hovering around 44. This is an increase over last month's market action index of 40. Inventory has decreased to 31.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Median List Price | $455,000 | |
Median Price of New Listings | $386,100 | |
Per Square Foot | $248 | |
Average Days on Market | 94 | |
Median Days on Market | 56 | |
Price Decreased | 29% | |
Price Increased | 0% | |
Relisted | 6% | |
Inventory | 31 | |
Median Rent | ||
Market Action | 44 | |
Slight Seller's Advantage |
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,449,000 | 3,970 | 1 - 2.5 acres | 4 | 4 | 27 | 1 | 3 | 105 |
$680,000 | 2,405 | - | 3 | 3 | 28 | 3 | 2 | 17 |
$392,550 | 1,591 | 6,500 - 8,000 sqft | 3 | 2 | 72 | 2 | 3 | 56 |
$264,950 | 1,227 | 8,000 - 10,000 sqft | 3 | 2 | 73 | 3 | 2 | 17 |