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. 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

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.

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. 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

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

Never miss important changes in the Albuquerque market.
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