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 Apr 19 2024
This week the median list price for Albuquerque, NM 87104 is $425,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has increased to 15. 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

Fri Apr 19 2024
This week the median list price for Albuquerque, NM 87104 is $425,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has increased to 15. 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 $425,000
Median Price of New Listings $750,000
Per Square Foot $287
Average Days on Market 78
Median Days on Market 35
Price Decreased 60%
Price Increased 0%
Relisted 7%
Inventory 15
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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 21
$742,500 2,409 8,000 - 10,000 sqft 3 2.5 9 1 0 164
$355,000 1,351 6,500 - 8,000 sqft 2 1.5 62 0 1 38
$291,000 1,231 6,500 - 8,000 sqft 2 1 52 0 0 24