Market Conditions Report

Albuquerque, NM 87104

Single-Family Homes

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Albuquerque, NM 87104

Sat Feb 27 2021
This week the median list price for Albuquerque, NM 87104 is $559,000 with the market action index hovering around 49. This is an increase over last month's market action index of 43. Inventory has held steady at or around 11. 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 been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Albuquerque, NM 87104

Sat Feb 27 2021
This week the median list price for Albuquerque, NM 87104 is $559,000 with the market action index hovering around 49. This is an increase over last month's market action index of 43. Inventory has held steady at or around 11. 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 been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $559,000
Per Square Foot $185
Days on Market 105
Price Decreased 45%
Price Increased 9%
Relisted 18%
Inventory 11
Median Rent $1,750
Most Expensive $1,590,000
Least Expensive $114,000
Market Action 49
Strong Seller's Market

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

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
$1,282,500 6,869 0.25 - 0.5 acre 4 4 56 0 0 66
$669,900 3,000 8,000 - 10,000 sqft 4 4 20 0 0 63
$525,000 1,962 8,000 - 10,000 sqft 3 2 16 0 1 161
$134,000 1,200 4,500 - 6,500 sqft 2 1 95 2 1 14