Market Conditions Report
Albuquerque, NM 87107
Single-Family Homes
A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888
Albuquerque, NM 87107
Thu Feb 25 2021
This week the median list price for Albuquerque, NM 87107 is $399,000 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 29.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $399,000 | |
| Per Square Foot | $192 | |
| Days on Market | 63 | |
| Price Decreased | 34% | |
| Price Increased | 7% | |
| Relisted | 7% | |
| Inventory | 29 | |
| Median Rent | $1,600 | |
| Most Expensive | $2,849,000 | |
| Least Expensive | $114,000 | |
| Market Action | 44 | |
| Slight Seller's Advantage | ||
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,159,000 | 5,128 | 1 - 2.5 acres | 4 | 4 | 42 | 0 | 0 | 126 |
| $515,000 | 2,670 | 0.25 - 0.5 acre | 4 | 3 | 29 | 2 | 0 | 21 |
| $349,000 | 1,600 | 0.25 - 0.5 acre | 3 | 2 | 66 | 1 | 1 | 105 |
| $212,500 | 1,628 | 6,500 - 8,000 sqft | 3 | 2 | 69 | 4 | 2 | 17 |