Real-Time Real Estate Market Report

Albuquerque, NM 87104

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Albuquerque, NM 87104

Wed May 22 2024
This week the median list price for Albuquerque, NM 87104 is $532,500 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has increased to 16. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Albuquerque, NM 87104

Wed May 22 2024
This week the median list price for Albuquerque, NM 87104 is $532,500 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has increased to 16. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $532,500
Median Price of New Listings $0
Per Square Foot $264
Average Days on Market 32
Median Days on Market 21
Price Decreased 38%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 42
Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

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
$885,000 3,373 0.25 - 0.5 acre 3 3.5 18 0 0 31
$722,000 2,406 6,500 - 8,000 sqft 3 2.5 4 0 0 28
$399,500 1,768 8,000 - 10,000 sqft 3 1.5 86 0 1 14
$279,200 1,229 6,500 - 8,000 sqft 2 1 61 0 1 42