Real-Time Real Estate Market Report

Albuquerque, NM 87104

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87104

Fri May 09 2025
This week the median list price for Albuquerque, NM 87104 is $597,450 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 26. 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.

Slight Seller's Advantage

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87104

Fri May 09 2025
This week the median list price for Albuquerque, NM 87104 is $597,450 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 26. 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.

Slight Seller's Advantage

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $597,450
Median Price of New Listings $650,000
Per Square Foot $274
Average Days on Market 98
Median Days on Market 53
Price Decreased 58%
Price Increased 4%
Relisted 12%
Inventory 26
Median Rent
Market Action 41
Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$1,025,000 2,915 0.25 - 0.5 acre 3 2.8 21 1 1 28
$667,500 2,395 6,500 - 8,000 sqft 3 2.5 47 2 0 31
$468,000 1,767 8,000 - 10,000 sqft 3 2 33 0 2 49
$289,500 1,142 0 - 4,500 sqft 3 2 80 0 0 133