Market Conditions Report

Albuquerque, NM 87104

Single-Family Homes

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Albuquerque, NM 87104

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87104 is $592,000 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has decreased to 12. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 87104

Sat Nov 27 2021
This week the median list price for Albuquerque, NM 87104 is $592,000 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has decreased to 12. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $592,000
Median Price of New Listings $724,450
Per Square Foot $195
Average Days on Market 49
Median Days on Market 39
Price Decreased 42%
Price Increased 8%
Relisted 0%
Inventory 12
Median Rent $1,350
Market Action 56
Strong Seller's Market

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
$740,250 3,480 0.25 - 0.5 acre 3 3 44 1 0 28
$665,000 2,140 6,500 - 8,000 sqft 3 3 13 1 0 28
$545,000 2,905 6,500 - 8,000 sqft 3 3 81 0 0 49
$319,000 2,400 6,500 - 8,000 sqft 4 3 25 0 1 42