Real-Time Real Estate Market Report
Albuquerque, NM 87107
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Albuquerque, NM 87107
Sat Feb 04 2023
This week the median list price for Albuquerque, NM 87107 is $453,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has decreased to 56.
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 | $453,000 | |
| Median Price of New Listings | $362,500 | |
| Per Square Foot | $244 | |
| Average Days on Market | 125 | |
| Median Days on Market | 126 | |
| Price Decreased | 21% | |
| Price Increased | 7% | |
| Relisted | 5% | |
| Inventory | 56 | |
| Median Rent | ||
| Market Action | 32 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,797,500 | 4,933 | 1 - 2.5 acres | 4 | 4.5 | 30 | 1 | 1 | 91 |
| $578,055 | 2,084 | 4,500 - 6,500 sqft | 3 | 2.5 | 67 | 0 | 0 | 168 |
| $404,662 | 1,999 | 0 - 4,500 sqft | 4 | 3 | 1 | 0 | 2 | 126 |
| $351,037 | 1,545 | 4,500 - 6,500 sqft | 3 | 2 | 65 | 3 | 4 | 91 |