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 Jul 26 2024
This week the median list price for Albuquerque, NM 87104 is $695,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $695,000 | |
| Median Price of New Listings | $495,000 | |
| Per Square Foot | $261 | |
| Average Days on Market | 63 | |
| Median Days on Market | 49 | |
| Price Decreased | 62% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 21 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
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 | 37 | 1 | 0 | 84 |
| $749,000 | 2,380 | 6,500 - 8,000 sqft | 3 | 3 | 16 | 0 | 0 | 49 |
| $499,000 | 1,849 | 4,500 - 6,500 sqft | 3 | 2 | 68 | 1 | 0 | 56 |
| $320,000 | 1,645 | 6,500 - 8,000 sqft | 3 | 2 | 61 | 1 | 0 | 24 |