Albuquerque - NM housing market
The Albuquerque metro has a typical home value of $352,894, up 1.0% from a year ago. Homes are moving fast at 11 days on market - a strong seller's market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($352,894) 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 1.0% over the past year. In Albuquerque - NM, that means a home worth $349,400 last year is now worth roughly $352,894.
The median sale price , what homes actually close for , is $358,153. Homes are selling at 98.6% of list price, meaning buyers have room to negotiate.
Homes listed in Albuquerque - NM sit on the market for roughly 11 days before going pending. Shorter = seller's market; longer = buyer's market.
About 25.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,014 new listings hit the market each month in Albuquerque - NM. There are currently 2,589 homes for sale, up 0.2% from a year ago.
The typical monthly rent in Albuquerque - NM is $1,502, up 0.7% 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.