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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

$405,505

AVERAGE PRICE OF 2,198 HOMES

$254,927

AVERAGE PRICE OF 22 DISTRESSED HOMES

$1,948,120

AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES

$518,299

AVERAGE PRICE OF 147 NEWLY BUILT HOMES

$826,210

AVERAGE PRICE OF 97 HOMES WITH A POOL

$410,834

AVERAGE PRICE OF 116 REDUCED PRICE HOMES

Average Home

Average Price $405,505
Avg Bedrooms 2.62 beds
Avg Bathrooms 1.96 baths

Average Price by Bedrooms

1 bedroom $499,445
2 bedrooms $321,693
3 bedrooms $362,457
4 bedrooms $486,917
5 bedrooms $680,714
Albuquerque Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 2,211 n/a n/a n/a 1,743
Average Price $407,541 n/a n/a n/a $387,456
Avg Price Change n/a n/a n/a n/a +1.56%
Median Price $325,299 n/a n/a n/a $308,786
Med Price Change n/a n/a n/a n/a +2.93%
Avg Bedrooms 2.66 beds n/a n/a n/a 2.54 beds
Avg Bathrooms 2 baths n/a n/a n/a 1.91 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
La Cueva 170 $665,008 83 days
Rio Grande 195 $300,650 94 days
Valley 156 $476,750 99 days
Volcano Vista 286 $313,538 117 days
West Mesa 181 $391,672 70 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,198 $405,505 79 days
Distressed Homes 22 $254,927 85 days
Multi-Million Dollar Homes 71 $1,948,120 146 days
Newly Built Homes 147 $518,299 118 days
Homes with a Pool 97 $826,210 62 days
Reduced Price Homes 116 $410,834 43 days
RE/MAX Select | The ORTEGA Team
Ruben Ortega
8300 Carmel Ave NE, Suite 203
Albuquerque, NM 87122
505-459-8589

UPAFE27023DB384E.png Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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