Single-Family Homes
Fri Sep 06 2024
This week the median list price for Albuquerque, NM is $419,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 1,562.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $419,000 | |
Median Price of New Listings | $374,900 | |
Per Square Foot | $214 | |
Average Days on Market | 69 | |
Median Days on Market | 42 | |
Price Decreased | 44% | |
Price Increased | 3% | |
Relisted | 27% | |
Inventory | 1,562 | |
Median Rent | ||
Market Action | 49 | |
Strong Seller's Market |
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$750,000 | 3,052 | 0.5 - 1 acre | 4 | 3 | 22 | 33 | 36 | 63 |
$489,000 | 2,244 | 6,500 - 8,000 sqft | 4 | 3 | 21 | 41 | 58 | 42 |
$370,000 | 1,836 | 4,500 - 6,500 sqft | 3 | 2 | 21 | 56 | 47 | 35 |
$285,000 | 1,436 | 4,500 - 6,500 sqft | 3 | 2 | 45 | 63 | 79 | 28 |