Real-Time Real Estate Market Report

Albuquerque, NM 87109

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87109

Thu Sep 21 2023
This week the median list price for Albuquerque, NM 87109 is $460,000 with the market action index hovering around 65. This is less than last month's market action index of 66. Inventory has increased to 21. 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 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 87109

Thu Sep 21 2023
This week the median list price for Albuquerque, NM 87109 is $460,000 with the market action index hovering around 65. This is less than last month's market action index of 66. Inventory has increased to 21. 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 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 $460,000
Median Price of New Listings $499,900
Per Square Foot $213
Average Days on Market 28
Median Days on Market 14
Price Decreased 33%
Price Increased 0%
Relisted 10%
Inventory 21
Median Rent
Market Action 65
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$625,000 2,570 6,500 - 8,000 sqft 4 3 35 3 1 0
$499,000 2,200 8,000 - 10,000 sqft 4 2 46 1 1 35
$459,000 2,211 0.25 - 0.5 acre 3 3 49 1 1 56
$367,000 1,670 6,500 - 8,000 sqft 3 2 48 2 2 10