Albuquerque, NM Home Values & Market Trends

Real estate market trends reflect that there have been 8,470 transactions over the past year in Albuquerque. The median value for residential home transactions that occurred over the previous year is $342,162.26. The number of current listings in Albuquerque is 846, and the percentage of properties for sale in the city is 53.31%. Albuquerque, NM currently has 741 properties in foreclosure, 43 bank owned properties, 45 properties headed for auction, and 846 properties for sale.

Albuquerque, NM Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
87114

$ 389,844

$ 192/sqft

87108

$ 290,567

$ 196/sqft

87120

$ 398,969

$ 204/sqft

87107

$ 438,506

$ 234/sqft

87111

$ 467,409

$ 222/sqft

87106

$ 378,482

$ 207/sqft

87121

$ 279,436

$ 179/sqft

87102

$ 274,888

$ 207/sqft

87112

$ 318,196

$ 197/sqft

87113

$ 484,458

$ 214/sqft

87123

$ 365,840

$ 194/sqft

87104

$ 529,770

$ 252/sqft

87110

$ 338,226

$ 199/sqft

87109

$ 368,194

$ 202/sqft

87122

$ 861,467

$ 252/sqft

87105

$ 266,482

$ 163/sqft

See More

Housing Market Summary for Albuquerque, NM

Aug 2022August 2023Change
Median Listing Price$339.9K$329.5K-3.04%
Median Sold Price$315K$329.5K4.62%
Homes For Sale894857-4.14%
Homes Sold5,9094,442-24.83%
Price
$/Sqft
Homes For Sale
0
0

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%.

0
0

Browse Homes in Albuquerque, NM

Albuquerque home values range from $32,000 to $4,813,714. The median estimated value of a home in Albuquerque is $342,162.26. The median list price of a home is 355,375, and the total count of properties in the city is 198,247.

Foreclosure
There are 16 zips within Albuquerque, NM; within these zips, the median estimated home value for homes in foreclosure ranges from $1,345,618 in 87108 to the lowest value of $50,322 in 87108. Foreclosure homes account for 0.00% of properties in Albuquerque, NM with 87121 containing 152 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.33% of all residential properties in Albuquerque, NM with 87121 containing 133 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 16 zips within Albuquerque, NM; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,345,618 in 87111 to the lowest home value of $80,374 in 87102.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Albuquerque, NM ranges from the highest value of $479,432 in 87114 to the lowest value of $50,322 in 87108. Bank owned homes and properties account for 0.02% of properties in Albuquerque, NM. There are 16 zips within Albuquerque, NM; 87121 containing 9 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    87121 has 10 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 16 zips within Albuquerque, NM; of those zips, the median estimated home value for homes going to auction ranges from $1,082,955 in 87107 to the lowest value of $175,219 in 87107.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.43% of residential properties in Albuquerque, NM with 87114 containing 122 homes for sale, the highest number of listed properties in a single zip. There are 16 zips within Albuquerque, NM; homes for sale in those zips, have a range of median values from $2,656,095 in 87111 to the lowest value of $49,289 in 87108.
    Sold Homes
    The median value for recently sold homes ranges from $3,047,061 in 87107 to the lowest price of $58,491 in 87107. There are 16 zips within Albuquerque, NM. 87120 has 537 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.14% of properties in Albuquerque, NM.

      Compare Nearby Cities

      Price
      $/Sqft
      Homes For Sale
      0
      0
      Albuquerque, NM
      $
      $