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 Jan 22 2025
This week the median list price for Albuquerque, NM 87123 is $404,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has decreased to 41. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Albuquerque, NM 87123

Wed Jan 22 2025
This week the median list price for Albuquerque, NM 87123 is $404,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has decreased to 41. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $404,000
Median Price of New Listings $369,900
Per Square Foot $198
Average Days on Market 86
Median Days on Market 70
Price Decreased 46%
Price Increased 0%
Relisted 2%
Inventory 41
Median Rent
Market Action 45
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$623,500 3,196 6,500 - 8,000 sqft 4 3 47 0 1 101
$496,875 2,320 - 4 3 22 2 4 63
$365,950 1,759 0.25 - 0.5 acre 3 2 34 2 2 66
$275,000 1,400 6,500 - 8,000 sqft 3 2 54 3 4 42