Real-Time Real Estate Market Report
Albuquerque, NM 87104
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Albuquerque, NM 87104
Sat Sep 07 2024
This week the median list price for Albuquerque, NM 87104 is $522,500 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has decreased to 22.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $522,500 | |
| Median Price of New Listings | $370,000 | |
| Per Square Foot | $260 | |
| Average Days on Market | 83 | |
| Median Days on Market | 74 | |
| Price Decreased | 64% | |
| Price Increased | 0% | |
| Relisted | 27% | |
| Inventory | 22 | |
| Median Rent | ||
| Market Action | 37 | |
| Slight Seller's Advantage | ||
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
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 |
|---|---|---|---|---|---|---|---|---|
| $850,000 | 2,495 | 0.25 - 0.5 acre | 3 | 3 | 2 | 0 | 0 | 126 |
| $699,000 | 2,380 | 6,500 - 8,000 sqft | 3 | 3 | 28 | 0 | 0 | 84 |
| $499,000 | 1,786 | 8,000 - 10,000 sqft | 3 | 2.5 | 78 | 1 | 0 | 52 |
| $284,950 | 1,527 | 6,500 - 8,000 sqft | 3 | 1.5 | 61 | 0 | 0 | 38 |