Real-Time Real Estate Market Report

Albuquerque, NM 87107

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87107

Thu Feb 29 2024
This week the median list price for Albuquerque, NM 87107 is $542,500 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has decreased to 36. 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 29 2024
This week the median list price for Albuquerque, NM 87107 is $542,500 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has decreased to 36. 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 $542,500
Median Price of New Listings $347,000
Per Square Foot $253
Average Days on Market 100
Median Days on Market 56
Price Decreased 33%
Price Increased 6%
Relisted 6%
Inventory 36
Median Rent
Market Action 38
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
$2,400,000 3,600 1 - 2.5 acres 4 4 22 0 0 49
$609,000 2,425 0.25 - 0.5 acre 4 3 39 0 0 91
$449,900 1,999 4,500 - 6,500 sqft 3 3 18 1 1 56
$280,000 1,146 6,500 - 8,000 sqft 2 2 64 1 2 42