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 Feb 25 2024
This week the median list price for Albuquerque, NM 87109 is $480,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 15. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Albuquerque, NM 87109

Sun Feb 25 2024
This week the median list price for Albuquerque, NM 87109 is $480,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 15. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $480,000
Median Price of New Listings $465,500
Per Square Foot $221
Average Days on Market 49
Median Days on Market 28
Price Decreased 53%
Price Increased 0%
Relisted 13%
Inventory 15
Median Rent
Market Action 59
Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

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
$575,500 2,198 0.25 - 0.5 acre 4 3 47 0 0 49
$500,000 2,505 8,000 - 10,000 sqft 3 3 36 1 0 66
$465,250 2,022 8,000 - 10,000 sqft 3 2 37 3 2 7
$389,888 1,850 8,000 - 10,000 sqft 3 2 47 1 2 21