Market Conditions Report

Albuquerque, NM 87109

Single-Family Homes

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Albuquerque, NM 87109

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87109 is $349,000 with the market action index hovering around 83. This is an increase over last month's market action index of 82. Inventory has increased to 11. 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 87109

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87109 is $349,000 with the market action index hovering around 83. This is an increase over last month's market action index of 82. Inventory has increased to 11. 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 $349,000
Median Price of New Listings $349,000
Per Square Foot $179
Average Days on Market 37
Median Days on Market 21
Price Decreased 36%
Price Increased 0%
Relisted 18%
Inventory 11
Median Rent
Market Action 83
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
$539,950 2,706 8,000 - 10,000 sqft 3 3 31 0 1 24
$444,000 3,108 0.25 - 0.5 acre 4 3 54 1 2 21
$330,000 1,782 6,500 - 8,000 sqft 3 2 44 1 0 7
$225,000 1,170 0 - 4,500 sqft 3 2 46 1 2 42