Market Conditions Report

Albuquerque, NM 87106

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87106

Thu Dec 01 2022
This week the median list price for Albuquerque, NM 87106 is $367,450 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has decreased to 30. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Albuquerque, NM 87106

Thu Dec 01 2022
This week the median list price for Albuquerque, NM 87106 is $367,450 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has decreased to 30. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $367,450
Median Price of New Listings $350,000
Per Square Foot $236
Average Days on Market 56
Median Days on Market 35
Price Decreased 67%
Price Increased 0%
Relisted 7%
Inventory 30
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$575,000 2,687 8,000 - 10,000 sqft 5 3 54 1 3 21
$425,000 1,725 6,500 - 8,000 sqft 3 2 75 2 0 49
$339,450 1,325 6,500 - 8,000 sqft 2 1.5 74 2 2 38
$290,500 1,201 6,500 - 8,000 sqft 2 2 73 2 2 42