Bernalillo County, NM Home Values & Market Trends

The median home price in Bernalillo County, NM is $320,993.3. There were 6,644 home sales in Bernalillo County, NM over the past 12 months. The median residential Bernalillo County, NM home value for transactions over the previous year is $265,200.828. The number of current listings in Bernalillo County, NM is 833, and the percentage of properties for sale is 833.00%. The county has 224 foreclosures, 34 bank owned properties, 29 headed for auction, and 833 properties for sale.

Bernalillo County, NM Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Albuquerque

$ 350,000

$ 195/sqft

Cedar Crest

$ 437,007

$ 177/sqft

Sandia Park

$ 501,052

$ 210/sqft

Isleta

$ --

$ --

Tijeras

$ 477,045

$ 194/sqft

Housing Market Summary for Bernalillo County, NM

Mar 2023February 2024Change
Median Listing Price$372.1K$317.2K-14.75%
Median Sold Price$311.8K$317.2K1.72%
Homes For Sale64076219.06%
Homes Sold4,3543,989-8.38%
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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 Bernalillo County, NM

Bernalillo County, NM home values range from $19,566 to $4,971,890. Sandia Park is the priciest city with a median listing home price of $562,450, and Albuquerque is most affordable with average house prices of around $360,000.

Foreclosure
There are 5 cities within Bernalillo County, NM; within these cities, the median estimated home value for homes in foreclosure ranges from $491,788 in Albuquerque to the lowest value of $114,605 in Albuquerque. Foreclosure homes account for 0.00% of properties in Bernalillo County, NM with Albuquerque containing 218 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.08% of all residential properties in Bernalillo County, NM with Albuquerque containing 156 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 5 cities within Bernalillo County, NM; of those cities, the estimated home value for pre-foreclosure homes ranges from $849,500 in Sandia Park to the lowest home value of $114,605 in Albuquerque.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Bernalillo County, NM ranges from the highest value of $515,500 in Albuquerque to the lowest value of $131,868 in Albuquerque. Bank owned homes and properties account for 0.02% of properties in Bernalillo County, NM. There are 5 cities within Bernalillo County, NM; Albuquerque containing 33 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Albuquerque has 29 auction properties, the highest number of properties going to auction in a single city in the state of Bernalillo County, NM. Auction homes and other auction properties account for 0.01% of all properties in Bernalillo County, NM. There are 5 cities within Bernalillo County, NM; of those cities, the median estimated home value for homes going to auction ranges from $569,341 in Albuquerque to the lowest value of $131,067 in Albuquerque.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.40% of residential properties in Bernalillo County, NM with Albuquerque containing 793 homes for sale, the highest number of listed properties in a single city. There are 5 cities within Bernalillo County, NM; homes for sale in those cities, have a range of median values from $825,000 in Cedar Crest to the lowest value of $80,026 in Albuquerque.
    Sold Homes
    The median value for recently sold homes ranges from $695,679 in Cedar Crest to the lowest price of $30,156 in Cedar Crest. There are 5 cities within Bernalillo County, NM. Albuquerque has 3143 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.57% of properties in Bernalillo County, NM.

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      Guide for Bernalillo County, NM

      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      Market Reports
      Newark Real Estate Market Report, March 2024
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      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

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      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.