Real-Time Real Estate Market Report

Albuquerque, NM 87121

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Albuquerque, NM 87121

Tue Oct 15 2024
This week the median list price for Albuquerque, NM 87121 is $325,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 95. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Albuquerque, NM 87121

Tue Oct 15 2024
This week the median list price for Albuquerque, NM 87121 is $325,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 95. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Albuquerque market.
Median List Price $325,000
Median Price of New Listings $325,000
Per Square Foot $191
Average Days on Market 59
Median Days on Market 35
Price Decreased 46%
Price Increased 13%
Relisted 9%
Inventory 95
Median Rent
Market Action 50
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
$370,520 2,013 8,000 - 10,000 sqft 3 3 0 7 2 56
$336,195 2,128 4,500 - 6,500 sqft 4 3 17 3 5 42
$312,250 1,707 6,500 - 8,000 sqft 3 2 22 4 1 38
$275,000 1,404 4,500 - 6,500 sqft 3 2 22 5 5 28