Single-Family Homes
Thu Feb 06 2025
This week the median list price for Albuquerque, NM 87104 is $469,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has decreased to 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Median List Price | $469,000 | |
Median Price of New Listings | $520,000 | |
Per Square Foot | $251 | |
Average Days on Market | 107 | |
Median Days on Market | 98 | |
Price Decreased | 71% | |
Price Increased | 0% | |
Relisted | 12% | |
Inventory | 17 | |
Median Rent | ||
Market Action | 41 | |
Slight Seller's Advantage |
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$649,500 | 2,430 | 6,500 - 8,000 sqft | 3 | 3 | 13 | 0 | 1 | 147 |
$504,500 | 2,050 | 8,000 - 10,000 sqft | 4 | 3 | 62 | 1 | 0 | 105 |
$445,000 | 1,928 | 0.25 - 0.5 acre | 3 | 2 | 63 | 0 | 1 | 52 |
$300,000 | 1,030 | 4,500 - 6,500 sqft | 2 | 2 | 64 | 0 | 0 | 98 |