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 Jun 21 2024
This week the median list price for Albuquerque, NM 87104 is $695,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 20. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Albuquerque, NM 87104

Fri Jun 21 2024
This week the median list price for Albuquerque, NM 87104 is $695,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 20. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $695,000
Median Price of New Listings $510,000
Per Square Foot $270
Average Days on Market 48
Median Days on Market 35
Price Decreased 45%
Price Increased 0%
Relisted 5%
Inventory 20
Median Rent
Market Action 38
Slight Seller's Advantage

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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 4,391 0.25 - 0.5 acre 3 5 36 0 0 49
$749,000 2,380 6,500 - 8,000 sqft 3 3 16 1 0 14
$535,000 2,339 8,000 - 10,000 sqft 4 3 22 0 1 35
$325,000 1,216 6,500 - 8,000 sqft 3 1 61 1 2 91