Real-Time Real Estate Market Report

Albuquerque, NM 87106

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87106

Tue Jun 06 2023
This week the median list price for Albuquerque, NM 87106 is $495,000 with the market action index hovering around 51. This is less than last month's market action index of 57. Inventory has increased to 29. 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 has started cooling and prices have been flat for several weeks. Since 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

Tue Jun 06 2023
This week the median list price for Albuquerque, NM 87106 is $495,000 with the market action index hovering around 51. This is less than last month's market action index of 57. Inventory has increased to 29. 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 has started cooling and prices have been flat for several weeks. Since 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 $495,000
Median Price of New Listings $399,999
Per Square Foot $229
Average Days on Market 43
Median Days on Market 14
Price Decreased 31%
Price Increased 0%
Relisted 3%
Inventory 29
Median Rent
Market Action 51
Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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
$611,457 2,921 6,500 - 8,000 sqft 4 3 60 1 0 28
$525,000 2,210 4,500 - 6,500 sqft 3 3 46 1 0 14
$464,197 1,805 4,500 - 6,500 sqft 3 2 0 3 0 14
$367,000 1,679 6,500 - 8,000 sqft 3 2 80 3 0 21