Market Conditions Report
Albuquerque, NM 87109
Single-Family Homes
A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888
Albuquerque, NM 87109
Tue May 11 2021
This week the median list price for Albuquerque, NM 87109 is $389,000 with the market action index hovering around 83. This is an increase over last month's market action index of 79. Inventory has decreased to 11.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $389,000 | |
| Median Price of New Listings | $275,000 | |
| Per Square Foot | $174 | |
| Average Days on Market | 59 | |
| Median Days on Market | 14 | |
| Price Decreased | 36% | |
| Price Increased | 9% | |
| Relisted | 0% | |
| Inventory | 11 | |
| Median Rent | ||
| Market Action | 83 | |
| Slight Seller's Advantage | ||
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $569,500 | 3,248 | 0.25 - 0.5 acre | 4 | 3 | 36 | 0 | 1 | 52 |
| $431,500 | 2,261 | 4,500 - 6,500 sqft | 3 | 3 | 4 | 0 | 0 | 56 |
| $365,000 | 2,122 | 4,500 - 6,500 sqft | 4 | 3 | 42 | 0 | 2 | 35 |
| $275,000 | 1,792 | 6,500 - 8,000 sqft | 3 | 2 | 44 | 3 | 3 | 0 |