Market Conditions Report

Albuquerque, NM 87102

Single-Family Homes

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Albuquerque, NM 87102

Mon Jun 21 2021
This week the median list price for Albuquerque, NM 87102 is $311,500 with the market action index hovering around 73. This is an increase over last month's market action index of 69. Inventory has decreased to 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Albuquerque, NM 87102

Mon Jun 21 2021
This week the median list price for Albuquerque, NM 87102 is $311,500 with the market action index hovering around 73. This is an increase over last month's market action index of 69. Inventory has decreased to 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

The market has not shown strong directional trends in terms of supply and demand. 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 $311,500
Median Price of New Listings $240,000
Per Square Foot $172
Average Days on Market 23
Median Days on Market 21
Price Decreased 50%
Price Increased 0%
Relisted 10%
Inventory 10
Median Rent $990
Market Action 73
Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

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
$560,000 2,900 8,000 - 10,000 sqft 2 2 110 0 0 31
$424,500 2,381 4,500 - 6,500 sqft 4 2 108 0 1 17
$305,000 1,612 6,500 - 8,000 sqft 3 2 100 0 0 35
$235,000 1,840 4,500 - 6,500 sqft 2 1 76 1 1 7