Market Conditions Report

Albuquerque, NM 87107

Single-Family Homes

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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. 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.

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.

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. 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.

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

Never miss important changes in the Albuquerque market.
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