What is the typical home value in Albuquerque - NM?

The typical home in Albuquerque - NM, NM is worth $348,860 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +0.9%.

How long do homes stay on the market in Albuquerque - NM?

The median days to pending (time on market before a sale) in Albuquerque - NM is currently 22 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Albuquerque - NM?

24.3% of active listings in Albuquerque - NM have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Albuquerque - NM a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Albuquerque - NM is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

PicksByProperty

NM · Metro #62

Albuquerque - NM housing market

Current home values, days on market, and price-cut activity for the Albuquerque - NM metro. Data refreshed from Zillow Research monthly.

Typical home value

$348,860

+0.9% vs. year ago

Median list price

$387,994

Days on market

22.0d

Listings w/ price cut

24.3%

Context

How to read this data

The typical home value ($348,860) is the Zillow Home Value Index for the Albuquerque - NM metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 0.9% over the past year. In Albuquerque - NM, that means a home worth $345,748 last year is now worth roughly $348,860.

Homes listed in Albuquerque - NM sit on the market for roughly 22.0 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.