Albuquerque, NM Home Values & Market Trends

Real estate market trends reflect that there have been 6,367 transactions over the past year in Albuquerque. The median value for residential home transactions that occurred over the previous year is $318,477.39. The number of current listings in Albuquerque is 724, and the percentage of properties for sale in the city is 724.00%. Albuquerque, NM currently has 155 properties in foreclosure, 34 bank owned properties, 40 properties headed for auction, and 724 properties for sale.

Housing Market Summary for Albuquerque, NM

Mar 2023February 2024Change
Median Listing Price$365K$315.1K-13.68%
Median Sold Price$308.8K$315.1K2.02%
Homes For Sale59972521.04%
Homes Sold4,1403,822-7.68%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Albuquerque, NM

Albuquerque home values range from $19,566 to $4,971,890. The median estimated value of a home in Albuquerque is $318,477.39. The median list price of a home is 365,000, and the total count of properties in the city is 198,285.

Foreclosure
There are 19 zips within Albuquerque, NM; within these zips, the median estimated home value for homes in foreclosure ranges from $501,541 in 87107 to the lowest value of $122,099 in 87107. Foreclosure homes account for 0.00% of properties in Albuquerque, NM with 87121 containing 38 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.04% of all residential properties in Albuquerque, NM with 87121 containing 18 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 19 zips within Albuquerque, NM; of those zips, the estimated home value for pre-foreclosure homes ranges from $349,191 in 87122 to the lowest home value of $122,099 in 87107.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Albuquerque, NM ranges from the highest value of $443,620 in 87109 to the lowest value of $135,900 in 87105. Bank owned homes and properties account for 0.02% of properties in Albuquerque, NM. There are 19 zips within Albuquerque, NM; 87121 containing 8 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    87121 has 12 auction properties, the highest number of properties going to auction in a single zip in the state of Albuquerque, NM. Auction homes and other auction properties account for 0.02% of all properties in Albuquerque, NM. There are 19 zips within Albuquerque, NM; of those zips, the median estimated home value for homes going to auction ranges from $303,893 in 87104 to the lowest value of $165,351 in 87104.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.37% of residential properties in Albuquerque, NM with 87114 containing 102 homes for sale, the highest number of listed properties in a single zip. There are 19 zips within Albuquerque, NM; homes for sale in those zips, have a range of median values from $2,804,250 in 87122 to the lowest value of $75,451 in 87120.
    Sold Homes
    The median value for recently sold homes ranges from $1,273,972 in 87111 to the lowest price of $30,986 in 87111. There are 19 zips within Albuquerque, NM. 87120 has 451 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.83% of properties in Albuquerque, NM.

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      Guide for Albuquerque, NM

      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      Buy to Rent
      How To Choose The Right Property Management Tool
      Buy to Rent
      6 Tips For Dealing With Difficult Tenants
      See More Articles
      gavel for real estate auction
      New Mexico Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Buying your first home is an exciting and significant milestone in life. It’s a decision that requires careful consideration, especially when it comes to finances. Understanding how much you should spend on your first home is crucial to ensure a smooth and stress-free buying process. In this article, we will explore the basics of home […]

      How To Choose The Right Property Management Tool
      Buy to Rent|posted 5 March 2024

      Learn how to select the perfect property management tool for your real estate business.

      6 Tips For Dealing With Difficult Tenants
      Buy to Rent|posted 5 March 2024

      Discover 6 practical tips to effectively handle challenging tenants and maintain a harmonious landlord-tenant relationship.