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 Apr 24 2024
This week the median list price for Albuquerque, NM 87104 is $655,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has held steady at or around 14. 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.

Strong Seller's Market

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.

Albuquerque, NM 87104

Wed Apr 24 2024
This week the median list price for Albuquerque, NM 87104 is $655,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has held steady at or around 14. 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.

Strong Seller's Market

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.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $655,000
Median Price of New Listings $670,000
Per Square Foot $286
Average Days on Market 89
Median Days on Market 42
Price Decreased 57%
Price Increased 0%
Relisted 7%
Inventory 14
Median Rent
Market Action 45
Strong Seller's Market

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.

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
$895,000 2,354 0.25 - 0.5 acre 3 2 0 0 0 28
$750,000 2,123 6,500 - 8,000 sqft 3 2 16 0 0 154
$532,500 1,865 8,000 - 10,000 sqft 3 2 71 1 0 42
$298,500 1,337 6,500 - 8,000 sqft 2 1 45 0 2 63