Real-Time Real Estate Market Report

Albuquerque, NM 87123

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87123

Thu Mar 28 2024
This week the median list price for Albuquerque, NM 87123 is $406,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 35. 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

In the last few weeks 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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Albuquerque, NM 87123

Thu Mar 28 2024
This week the median list price for Albuquerque, NM 87123 is $406,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 35. 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

In the last few weeks 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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $406,000
Median Price of New Listings $372,450
Per Square Foot $191
Average Days on Market 73
Median Days on Market 35
Price Decreased 46%
Price Increased 3%
Relisted 3%
Inventory 35
Median Rent
Market Action 54
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$737,450 3,963 0.25 - 0.5 acre 4 4 40 3 3 14
$449,000 2,188 6,500 - 8,000 sqft 4 3 28 1 1 35
$375,000 1,924 6,500 - 8,000 sqft 3 2 41 3 2 42
$280,000 1,361 6,500 - 8,000 sqft 2 2 60 3 4 14