Real-Time Real Estate Market Report

Albuquerque, NM 87102

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87102

Sat Dec 21 2024
This week the median list price for Albuquerque, NM 87102 is $295,000 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has decreased to 29. 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.

Slight Seller's Advantage

Market Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Albuquerque, NM 87102

Sat Dec 21 2024
This week the median list price for Albuquerque, NM 87102 is $295,000 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has decreased to 29. 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.

Slight Seller's Advantage

Market Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $295,000
Median Price of New Listings $243,500
Per Square Foot $246
Average Days on Market 99
Median Days on Market 77
Price Decreased 52%
Price Increased 7%
Relisted 10%
Inventory 29
Median Rent
Market Action 37
Slight Seller's Advantage

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
$559,000 2,360 0 - 4,500 sqft 3 3 108 0 1 56
$339,900 1,255 4,500 - 6,500 sqft 2 2 78 0 0 84
$270,000 1,073 0 - 4,500 sqft 2 1 98 1 2 105
$203,000 866 - 2 1 85 1 0 63