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 Jan 15 2025
This week the median list price for Albuquerque, NM 87104 is $440,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 19. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Albuquerque, NM 87104

Wed Jan 15 2025
This week the median list price for Albuquerque, NM 87104 is $440,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 19. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $440,000
Median Price of New Listings $326,500
Per Square Foot $233
Average Days on Market 89
Median Days on Market 77
Price Decreased 63%
Price Increased 0%
Relisted 0%
Inventory 19
Median Rent
Market Action 40
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$649,500 2,824 0.25 - 0.5 acre 3 3 18 1 1 66
$494,000 2,034 6,500 - 8,000 sqft 3 3 78 0 0 84
$399,999 1,849 0.25 - 0.5 acre 3 2 64 0 1 98
$275,000 1,060 4,500 - 6,500 sqft 2 1 80 2 1 70