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 $318,486.53. The number of current listings in Albuquerque is 793, and the percentage of properties for sale in the city is 793.00%. Albuquerque, NM currently has 218 properties in foreclosure, 33 bank owned properties, 29 properties headed for auction, and 793 properties for sale.

Albuquerque, NM Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
87114

$ 389,000

$ 186/sqft

87106

$ 348,213

$ 219/sqft

87120

$ 415,000

$ 198/sqft

87122

$ 822,886

$ 256/sqft

87121

$ 270,000

$ 179/sqft

87108

$ 297,000

$ 188/sqft

87111

$ 399,000

$ 210/sqft

87104

$ 320,000

$ 218/sqft

87112

$ 300,000

$ 201/sqft

87102

$ 301,173

$ 189/sqft

87110

$ 325,466

$ 179/sqft

87113

$ 441,557

$ 223/sqft

87109

$ 397,500

$ 206/sqft

87116

$ --

$ --

87123

$ 377,722

$ 182/sqft

87151

$ --

$ --

87105

$ 270,000

$ 173/sqft

87119

$ --

$ --

87107

$ 369,914

$ 218/sqft

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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%
Price
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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 $318,486.53. The median list price of a home is 360,000, 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 $626,976 in 87107 to the lowest value of $114,605 in 87107. Foreclosure homes account for 0.00% of properties in Albuquerque, NM with 87121 containing 42 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.08% of all residential properties in Albuquerque, NM with 87121 containing 31 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 $400,926 in 87122 to the lowest home value of $114,605 in 87107.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Albuquerque, NM ranges from the highest value of $437,297 in 87109 to the lowest value of $131,868 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 7 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    87112 has 4 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 0.01% 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 $267,012 in 87109 to the lowest value of $131,067 in 87109.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.40% of residential properties in Albuquerque, NM with 87114 containing 116 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 $2,825,065 in 87122 to the lowest value of $80,026 in 87108.
    Sold Homes
    The median value for recently sold homes ranges from $1,244,064 in 87111 to the lowest price of $30,156 in 87111. There are 19 zips within Albuquerque, NM. 87120 has 380 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.57% 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
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      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

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?