Market Conditions Report

Albuquerque, NM 87104

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87104

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87104 is $499,500 with the market action index hovering around 51. This is an increase over last month's market action index of 45. Inventory has decreased to 11. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Albuquerque, NM 87104

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87104 is $499,500 with the market action index hovering around 51. This is an increase over last month's market action index of 45. Inventory has decreased to 11. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $499,500
Median Price of New Listings $422,450
Per Square Foot $282
Average Days on Market 52
Median Days on Market 35
Price Decreased 45%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 51
Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

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
$1,399,500 3,458 0.25 - 0.5 acre 3 3 48 0 0 122
$749,000 2,428 6,500 - 8,000 sqft 3 3 46 1 1 35
$475,000 1,792 6,500 - 8,000 sqft 4 2 72 0 1 28
$260,000 964 6,500 - 8,000 sqft 3 1 61 1 3 56