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 16 2025
This week the median list price for Albuquerque, NM 87104 is $597,450 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has increased to 26.
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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $597,450 | |
| Median Price of New Listings | $620,000 | |
| Per Square Foot | $264 | |
| Average Days on Market | 106 | |
| Median Days on Market | 53 | |
| Price Decreased | 58% | |
| Price Increased | 4% | |
| Relisted | 19% | |
| Inventory | 26 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
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 |
|---|---|---|---|---|---|---|---|---|
| $987,000 | 3,142 | 0.25 - 0.5 acre | 3 | 3 | 34 | 1 | 1 | 17 |
| $691,500 | 2,479 | 6,500 - 8,000 sqft | 3 | 2.5 | 29 | 1 | 1 | 38 |
| $468,000 | 1,767 | 6,500 - 8,000 sqft | 3 | 2 | 25 | 2 | 2 | 56 |
| $289,500 | 1,142 | 0 - 4,500 sqft | 3 | 2 | 80 | 0 | 0 | 140 |