Real-Time Real Estate Market Report

Albuquerque, NM 87109

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87109

Sun Oct 06 2024
This week the median list price for Albuquerque, NM 87109 is $413,000 with the market action index hovering around 43. This is less than last month's market action index of 52. Inventory has increased to 36. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Albuquerque, NM 87109

Sun Oct 06 2024
This week the median list price for Albuquerque, NM 87109 is $413,000 with the market action index hovering around 43. This is less than last month's market action index of 52. Inventory has increased to 36. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $413,000
Median Price of New Listings $433,000
Per Square Foot $216
Average Days on Market 39
Median Days on Market 35
Price Decreased 42%
Price Increased 0%
Relisted 6%
Inventory 36
Median Rent
Market Action 43
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$599,000 2,644 8,000 - 10,000 sqft 4 3 38 2 1 56
$439,900 2,216 6,500 - 8,000 sqft 3 2 46 3 0 21
$399,000 1,790 6,500 - 8,000 sqft 4 2 49 1 0 28
$329,900 1,512 6,500 - 8,000 sqft 3 2 51 2 3 21