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 Dec 22 2024
This week the median list price for Albuquerque, NM 87106 is $474,950 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has decreased to 38. 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

Market Narrative

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 87106

Sun Dec 22 2024
This week the median list price for Albuquerque, NM 87106 is $474,950 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has decreased to 38. 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

Market Narrative

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 $474,950
Median Price of New Listings $422,500
Per Square Foot $246
Average Days on Market 78
Median Days on Market 49
Price Decreased 45%
Price Increased 8%
Relisted 8%
Inventory 38
Median Rent
Market Action 38
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
$625,000 2,629 8,000 - 10,000 sqft 4 3 64 0 2 105
$510,642 2,144 4,500 - 6,500 sqft 4 3 46 1 1 49
$448,700 1,653 4,500 - 6,500 sqft 3 2 44 0 1 59
$327,500 1,226 6,500 - 8,000 sqft 3 2 75 1 4 17