How much do homes in Albuquerque, NM cost?

Median List Price

$256,542

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$26,602(+11.6%)

Key Takeaway

The list price of homes in Albuquerque has increased by 11.6% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $155K$165K+6.5%
2 $175K$195K+11.4%
3 $215K$244.9K+13.9%
4 $299.1K$319.3K+6.8%
5+ $365K$398.8K+9.3%

Median List Price Compared To Nearby Cities

Rio Rancho
+16.1%
Los Ranchos de Albuquerque
+11.9%
Albuquerque
+11.6%
West Bernalillo
+7.6%
Corrales
+6.6%

How many homes are available in Albuquerque, NM?

Number of Homes For Sale

Apr 2021May 2021%
2,4112,032-15.7%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 5849-15.5%
2 370311-15.9%
3 1,2371,057-14.6%
4 642527-17.9%
5+ 10488-15.4%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

May 2020May 2021%
184 Days56 Days-69.6%

Breakdown of Home Sale Times

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About Albuquerque, NM

Albuquerque, NM has 2,032 homes for sale to choose from.

In May 2021, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $256,542.

This housing market listing prices have changed between April 2021 and May 2021: 1 bedroom properties prices increased by 6.5%, the cost of 2 bedrooms properties went up by 11.4%, 3 bedrooms properties became 13.9% more expensive, prices of 4 bedrooms properties increased by 6.8%, prices of 5 bedrooms properties increased by 9.3%.

The number of homes for sale in Albuquerque, NM decreased by 15.7% between April 2021 and May 2021.

The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 15.5% less available, 2 bedrooms homes became 15.9% less available, 3 bedrooms homes inventory decreased by 14.6%, 4 bedrooms homes inventory decreased by 17.9%, 5 bedrooms homes inventory decreased by 15.4%.

Albuquerque, NM housing market in May 2021 saw over 393 listings sold above listed price, more than 181 sold at listed price and over 186 sold below.

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