Market Conditions Report
Albuquerque, NM 87104
Single-Family Homes
A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888
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.
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
| 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 |