Albuquerque, NM 87109

Market Conditions Report

Albuquerque, NM 87109

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888

Wed Mar 03 2021
This week the median list price for Albuquerque, NM 87109 is $358,500 with the market action index hovering around 78. This is an increase over last month's market action index of 72. Inventory has held steady at or around 10. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Median List Price		$358,500
Per Square Foot		$170
Days on Market		46
Price Decreased		40%
Price Increased		20%
Relisted		10%
Inventory		10
Median Rent		$1,225
Most Expensive		$1,100,000
Least Expensive		$219,900
Market Action		78
Strong Seller's Market

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
$855,000	4,401	0.5 - 1 acre	4	5	28	0	1	56
$410,000	2,421	8,000 - 10,000 sqft	4	2	43	1	1	70
$328,000	2,080	8,000 - 10,000 sqft	3	2	44	1	1	42
$275,000	1,687	6,500 - 8,000 sqft	4	2	27	1	2	49

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$855,000	4,401	0.5 - 1 acre	4	5	28	0	1	56
$410,000	2,421	8,000 - 10,000 sqft	4	2	43	1	1	70
$328,000	2,080	8,000 - 10,000 sqft	3	2	44	1	1	42
$275,000	1,687	6,500 - 8,000 sqft	4	2	27	1	2	49

Median Price	Top $855,000	Upper $410,000	Lower $328,000	Bottom $275,000
Sq. Ft.	4,401	2,421	2,080	1,687
Lot Size	0.5 - 1 acre	8,000 - 10,000 sqft	8,000 - 10,000 sqft	6,500 - 8,000 sqft
Beds	4	4	3	4
Baths	5	2	2	2
Age	28	43	44	27
New	0	1	1	1
Absorbed	1	1	1	2
DOM	56	70	42	49

Market Conditions Report