What is the typical home value in Albuquerque - NM?

The typical home in Albuquerque - NM, NM is worth $352,693 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +1.3%.

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 14 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Albuquerque - NM?

30.0% of active listings in Albuquerque - NM have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is it cheaper to rent or buy in Albuquerque - NM?

The price-to-rent ratio in Albuquerque - NM is 19.5x (typical home value divided by a year of typical rent), which puts it in toss-up on the Rent vs Buy Index. Typical rent is $1,511 a month versus a principal-and-interest mortgage payment of about $1,813 on the typical home at 6.66% with 20% down.

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.

Albuquerque - NM Housing Market | Home Values & Trends

How to read this data

The typical home value ($352,693) 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 1.3% over the past year. In Albuquerque - NM, that means a home worth $348,167 last year is now worth roughly $352,693.

The median sale price, what homes actually close for, is $356,080. Homes are selling at 99.0% of list price, meaning buyers have room to negotiate.

Homes listed in Albuquerque - NM sit on the market for roughly 14 days before going pending. Shorter = seller's market; longer = buyer's market.

About 30.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,032 new listings hit the market each month in Albuquerque - NM. There are currently 2,778 homes for sale, down 3.4% from a year ago.

The typical monthly rent in Albuquerque - NM is $1,511, up 1.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 19.5x, toss-up (#54 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,813 a month in principal and interest, $302 more than renting before taxes, insurance and upkeep. The two break even at a 4.98% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →

Albuquerque - NM housing market

How to read this data

What's not on this page

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