Market Conditions Report

Albuquerque, NM 87121

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Albuquerque, NM 87121

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87121 is $299,990 with the market action index hovering around 65. This is less than last month's market action index of 74. Inventory has increased to 73. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 87121

Tue Sep 27 2022
This week the median list price for Albuquerque, NM 87121 is $299,990 with the market action index hovering around 65. This is less than last month's market action index of 74. Inventory has increased to 73. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $299,990
Median Price of New Listings $262,450
Per Square Foot $168
Average Days on Market 34
Median Days on Market 21
Price Decreased 32%
Price Increased 1%
Relisted 1%
Inventory 73
Median Rent
Market Action 65
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
$384,690 2,178 4,500 - 6,500 sqft 4 3 0 2 1 49
$321,895 1,930 0 - 4,500 sqft 3 3 0 6 4 21
$272,500 1,685 4,500 - 6,500 sqft 4 2 18 4 4 17
$239,900 1,375 4,500 - 6,500 sqft 3 2 19 8 7 7