Real-Time Real Estate Market Report

Albuquerque, NM 87121

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87121

Wed Oct 04 2023
This week the median list price for Albuquerque, NM 87121 is $321,833 with the market action index hovering around 62. This is less than last month's market action index of 65. Inventory has increased to 66. 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

Wed Oct 04 2023
This week the median list price for Albuquerque, NM 87121 is $321,833 with the market action index hovering around 62. This is less than last month's market action index of 65. Inventory has increased to 66. 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 $321,833
Median Price of New Listings $295,000
Per Square Foot $195
Average Days on Market 63
Median Days on Market 32
Price Decreased 30%
Price Increased 6%
Relisted 3%
Inventory 66
Median Rent
Market Action 62
Strong Seller's Market

We continue to see prices in this zip code bounce around this 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
$389,500 2,466 4,500 - 6,500 sqft 4 3 17 0 0 45
$336,590 1,602 0 - 4,500 sqft 3 2 17 4 2 21
$313,490 1,595 4,500 - 6,500 sqft 3 3 16 6 2 56
$260,000 1,224 4,500 - 6,500 sqft 3 2 25 9 3 7