Real-Time Real Estate Market Report

Albuquerque, NM 87123

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87123

Wed Feb 21 2024
This week the median list price for Albuquerque, NM 87123 is $425,000 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has increased to 31. 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 has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Albuquerque, NM 87123

Wed Feb 21 2024
This week the median list price for Albuquerque, NM 87123 is $425,000 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has increased to 31. 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 has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $425,000
Median Price of New Listings $369,950
Per Square Foot $200
Average Days on Market 82
Median Days on Market 28
Price Decreased 42%
Price Increased 3%
Relisted 6%
Inventory 31
Median Rent
Market Action 53
Strong Seller's Market

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$699,900 4,192 0.5 - 1 acre 4 3 51 1 1 84
$459,999 2,185 6,500 - 8,000 sqft 4 3 15 1 1 31
$384,500 2,038 4,500 - 6,500 sqft 3 2.3 34 2 2 24
$277,687 1,385 6,500 - 8,000 sqft 3 2 55 2 2 21