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Albuquerque

Why you'd want to live in Albuquerque

Recognized as one of the one of the most culturally diverse cities in the country, Albuquerque’s ethnic tapestry is reflected in its architecture, artwork, cultural centers and cuisine. Countless customs and traditions are a vibrant part of daily life in the city, making Albuquerque the cultural capital of the Southwest. New Mexico’s largest city, the Albuquerque Metro area has over 908,200 residents and is growing at a steady pace of 1 to 2 percent a year. The area’s five-year growth rate is projected at 7.2 percent compared with the national rate of 4.0 percent. Even as a larger city, Albuquerque can’t help but retain its neighborhood feel. via visitalbuquerque.org

Albuquerque Market Report

$435,981

AVERAGE PRICE OF 1,641 HOMES

$259,196

AVERAGE PRICE OF 27 DISTRESSED HOMES

$1,835,327

AVERAGE PRICE OF 76 MULTI-MILLION DOLLAR HOMES

$511,479

AVERAGE PRICE OF 129 NEWLY BUILT HOMES

$924,582

AVERAGE PRICE OF 76 HOMES WITH A POOL

$604,521

AVERAGE PRICE OF 58 REDUCED PRICE HOMES

Average Home

Average Price $435,981
Avg Bedrooms 2.51 beds
Avg Bathrooms 1.89 baths

Average Price by Bedrooms

1 bedroom $451,309
2 bedrooms $369,046
3 bedrooms $388,611
4 bedrooms $507,584
5 bedrooms $941,440
Albuquerque Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 1,685 1,650 1,805 2,027 2,102
Average Price $413,321 $409,856 $411,130 $408,956 $413,099
Avg Price Change +0.85% -0.31% +0.53% -1.01% +0.09%
Median Price $330,239 $330,926 $326,590 $325,000 $326,572
Med Price Change -0.21% +1.33% +0.49% -0.48% +0.15%
Avg Bedrooms 2.51 beds 2.49 beds 2.5 beds 2.55 beds 2.58 beds
Avg Bathrooms 1.89 baths 1.88 baths 1.9 baths 1.93 baths 1.95 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Albuquerque 144 $378,531 75 days
La Cueva 164 $684,647 70 days
Rio Grande 131 $269,916 110 days
Volcano Vista 223 $307,564 92 days
West Mesa 137 $413,211 73 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,641 $435,981 75 days
Distressed Homes 27 $259,196 60 days
Multi-Million Dollar Homes 76 $1,835,327 96 days
Newly Built Homes 129 $511,479 112 days
Homes with a Pool 76 $924,582 66 days
Reduced Price Homes 58 $604,521 52 days
RE/MAX Select | The ORTEGA Team
Ruben Ortega
8300 Carmel Ave NE, Suite 203
Albuquerque, NM 87122
505-459-8589

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