Albuquerque, NM 87107

Market Conditions Report

Albuquerque, NM 87107

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888

Tue May 18 2021
This week the median list price for Albuquerque, NM 87107 is $411,000 with the market action index hovering around 64. This is an increase over last month's market action index of 60. Inventory has increased to 24. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Median List Price		$411,000
Median Price of New Listings		$307,990
Per Square Foot		$195
Average Days on Market		78
Median Days on Market		14
Price Decreased		29%
Price Increased		8%
Relisted		4%
Inventory		24
Median Rent		$1,700
Market Action		64
Strong Seller's Market

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
$1,612,500	5,640	1 - 2.5 acres	4	4	42	0	0	66
$532,495	2,347	0.25 - 0.5 acre	4	3	42	1	2	45
$291,495	1,774	6,500 - 8,000 sqft	3	2	62	3	5	7
$217,000	1,650	6,500 - 8,000 sqft	3	2	73	1	1	10

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,612,500	5,640	1 - 2.5 acres	4	4	42	0	0	66
$532,495	2,347	0.25 - 0.5 acre	4	3	42	1	2	45
$291,495	1,774	6,500 - 8,000 sqft	3	2	62	3	5	7
$217,000	1,650	6,500 - 8,000 sqft	3	2	73	1	1	10

Median Price	Top $1,612,500	Upper $532,495	Lower $291,495	Bottom $217,000
Sq. Ft.	5,640	2,347	1,774	1,650
Lot Size	1 - 2.5 acres	0.25 - 0.5 acre	6,500 - 8,000 sqft	6,500 - 8,000 sqft
Beds	4	4	3	3
Baths	4	3	2	2
Age	42	42	62	73
New	0	1	3	1
Absorbed	0	2	5	1
DOM	66	45	7	10

Market Conditions Report