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
| Zip | Median Est. Value | Zip | Median 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 |
Housing Market Summary for Albuquerque, NM
| Aug 2022 | August 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $339.9K | $329.5K | -3.04% |
| Median Sold Price | $315K | $329.5K | 4.62% |
| Homes For Sale | 894 | 857 | -4.14% |
| Homes Sold | 5,909 | 4,442 | -24.83% |
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 $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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- Auctions87121 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.
