Market Conditions Report

Albuquerque, NM 87107

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace


Albuquerque, NM 87107

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87107 is $419,325 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 63. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87107

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87107 is $419,325 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 63. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $419,325
Median Price of New Listings $401,325
Per Square Foot $230
Average Days on Market 71
Median Days on Market 56
Price Decreased 29%
Price Increased 17%
Relisted 5%
Inventory 63
Median Rent
Market Action 43
Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$900,000 3,602 0.5 - 1 acre 4 4 22 2 0 56
$546,090 2,275 0.25 - 0.5 acre 3 2.5 60 1 0 115
$399,325 1,999 0 - 4,500 sqft 4 3 0 9 0 0
$324,000 1,545 0 - 4,500 sqft 3 2 46 5 3 24