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. 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

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.

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. 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

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

Never miss important changes in the Albuquerque market.
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