Albuquerque, NM Home Values & Market Trends
Real estate market trends reflect that there have been 7,680 transactions over the past year in Albuquerque. The median value for residential home transactions that occurred over the previous year is $323,057.11. The number of current listings in Albuquerque is 888, and the percentage of properties for sale in the city is 888.00%. Albuquerque, NM currently has 235 properties in foreclosure, 29 bank owned properties, 35 properties headed for auction, and 888 properties for sale.
Albuquerque, NM Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 87120 | $ 399,000 $ 199/sqft | 87122 | $ 850,000 $ 245/sqft |
| 87114 | $ 388,242 $ 192/sqft | 87108 | $ 298,854 $ 193/sqft |
| 87111 | $ 420,704 $ 211/sqft | 87106 | $ 407,875 $ 236/sqft |
| 87112 | $ 334,954 $ 202/sqft | 87104 | $ 347,664 $ 219/sqft |
| 87110 | $ 336,069 $ 182/sqft | 87113 | $ 452,500 $ 224/sqft |
| 87121 | $ 274,847 $ 186/sqft | 87102 | $ 293,565 $ 201/sqft |
| 87123 | $ 359,900 $ 195/sqft | 87116 | $ -- $ -- |
| 87109 | $ 333,657 $ 202/sqft | 87151 | $ -- $ -- |
| 87105 | $ 264,216 $ 167/sqft | 87119 | $ -- $ -- |
| 87107 | $ 375,218 $ 226/sqft |
Housing Market Summary for Albuquerque, NM
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $360K | $312K | -13.34% |
| Median Sold Price | $322.4K | $312K | -3.24% |
| Homes For Sale | 635 | 764 | 20.31% |
| Homes Sold | 3,934 | 3,586 | -8.85% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Albuquerque, NM
Browse Homes in Albuquerque, NM
Albuquerque home values range from $19,792 to $5,035,549. The median estimated value of a home in Albuquerque is $323,057.11. The median list price of a home is 374,950, and the total count of properties in the city is 199,790.
- Pre-ForeclosurePre-foreclosure homes account for 0.09% of all residential properties in Albuquerque, NM with 87121 containing 39 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 $353,141 in 87122 to the lowest home value of $117,264 in 87107.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Albuquerque, NM ranges from the highest value of $452,881 in 87122 to the lowest value of $214,701 in 87114. Bank owned homes and properties account for 0.01% 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.
- Auctions87112 has 5 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 $272,073 in 87122 to the lowest value of $163,750 in 87122.
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More Real Estate Resources for Albuquerque, NM
Guide for Albuquerque, NM
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Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
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