Real-Time Real Estate Market Report

Albuquerque, NM 87102

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87102

Fri Jul 26 2024
This week the median list price for Albuquerque, NM 87102 is $309,500 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has increased to 24. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87102

Fri Jul 26 2024
This week the median list price for Albuquerque, NM 87102 is $309,500 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has increased to 24. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $309,500
Median Price of New Listings $229,900
Per Square Foot $245
Average Days on Market 92
Median Days on Market 39
Price Decreased 33%
Price Increased 4%
Relisted 0%
Inventory 24
Median Rent
Market Action 39
Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on 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
$504,950 2,147 6,500 - 8,000 sqft 3 3 103 0 0 38
$367,000 1,347 4,500 - 6,500 sqft 3 2 81 1 0 80
$262,500 1,167 4,500 - 6,500 sqft 2 1.5 90 1 0 35
$222,000 882 4,500 - 6,500 sqft 2 1 86 1 0 14