Tue Mar 28 2023
This week the median list price for Albuquerque, NM 87104 is $498,000 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has decreased to 5.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$498,000|
|Median Price of New Listings||$0|
|Per Square Foot||$211|
|Average Days on Market||148|
|Median Days on Market||168|
|Strong Seller's Market|
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,750,000||4,204||0.25 - 0.5 acre||3||3||14||0||0||308|
|$729,900||2,695||0.25 - 0.5 acre||4||3||0||0||0||14|
|$498,000||5,865||0.25 - 0.5 acre||7||5||77||0||0||35|
|$395,000||2,050||4,500 - 6,500 sqft||3||2||96||0||0||192|