Real-Time Real Estate Market Report
Albuquerque, NM 87121
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Albuquerque, NM 87121
Thu Dec 26 2024
This week the median list price for Albuquerque, NM 87121 is $308,490 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has decreased to 70.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $308,490 | |
| Median Price of New Listings | $275,000 | |
| Per Square Foot | $196 | |
| Average Days on Market | 79 | |
| Median Days on Market | 56 | |
| Price Decreased | 44% | |
| Price Increased | 10% | |
| Relisted | 10% | |
| Inventory | 70 | |
| Median Rent | ||
| Market Action | 49 | |
| Strong Seller's Market | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $374,900 | 1,809 | - | 4 | 2 | 0 | 1 | 3 | 105 |
| $326,000 | 1,700 | 6,500 - 8,000 sqft | 3 | 2 | 22 | 4 | 7 | 98 |
| $296,250 | 1,549 | 6,500 - 8,000 sqft | 3 | 2 | 21 | 0 | 4 | 42 |
| $266,000 | 1,371 | 4,500 - 6,500 sqft | 3 | 2 | 24 | 6 | 5 | 31 |