Real-Time Real Estate Market Report
Albuquerque, NM 87106
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Albuquerque, NM 87106
Sun Jan 29 2023
This week the median list price for Albuquerque, NM 87106 is $436,574 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has decreased to 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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 and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $436,574 | |
| Median Price of New Listings | $427,000 | |
| Per Square Foot | $232 | |
| Average Days on Market | 71 | |
| Median Days on Market | 74 | |
| Price Decreased | 50% | |
| Price Increased | 12% | |
| Relisted | 4% | |
| Inventory | 26 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
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 and prices have recently resumed upward pressure.
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 |
|---|---|---|---|---|---|---|---|---|
| $707,000 | 3,374 | 0.25 - 0.5 acre | 4 | 3.8 | 63 | 0 | 0 | 35 |
| $502,485 | 2,661 | 6,500 - 8,000 sqft | 4 | 3 | 59 | 0 | 2 | 80 |
| $420,000 | 1,878 | 4,500 - 6,500 sqft | 3 | 2 | 72 | 2 | 1 | 70 |
| $310,000 | 1,327 | 6,500 - 8,000 sqft | 3 | 2 | 73 | 0 | 1 | 77 |