Albuquerque - NM housing market
The Albuquerque metro has a typical home value of $350,272, up 0.9% from a year ago. Homes are moving fast at 14 days on market - a strong seller's market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($350,272) 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 $347,148 last year is now worth roughly $350,272.
The median sale price , what homes actually close for , is $355,151. Homes are selling at 98.3% 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 24.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 911 new listings hit the market each month in Albuquerque - NM. There are currently 2,481 homes for sale, up 2.7% from a year ago.
The typical monthly rent in Albuquerque - NM is $1,485, up 0.5% year over year. For investors, the price-to-rent ratio here is roughly 20x annual rent.
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.