New - 2 hours on Rocket
$2,316 Closing Credit¹
#1076694, Cindy A Chavez, Listing Office: Realty One of New Mexico
Albuquerque Housing Market Report December 2024•Bernalillo County, New Mexico
Housing Prices in Albuquerque, NM
How much do homes in Albuquerque, NM cost?
Housing Market Conditions
Is Albuquerque, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Albuquerque is a Seller's Market
Difference Since December 2023
Since last year, Albuquerque has remained a Seller's Market.
Insight
Albuquerque is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$346,164$206/SqFt
+$14,188
+4.3%
Based on all homes sold in the last 12 months
Insight
Homes in Albuquerque have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Albuquerque was $346,164 in December 2024, up 4.3% from last year, and the median price per square foot was $206.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Albuquerque | $331.9K | $346.1K | +4.3% |
| Rio Rancho | $349.9K | $357.2K | +2.1% |
| Corrales | $689K | $677.5K | -1.7% |
| West Bernalillo | $510K | $450K | -11.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $199K | $206K | +3.5% |
| 22 Bedrooms | $265.5K | $269.9K | +1.7% |
| 33 Bedrooms | $314.9K | $332.9K | +5.7% |
| 44 Bedrooms | $409.8K | $432K | +5.4% |
| 55+ Bedrooms | $543.8K | $525K | -3.5% |
Summary: Albuquerque housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +3.5%. The home price for 2 bedroom homes increased by +1.7%. The home price for 3 bedroom homes increased by +5.7%. The home price for 4 bedroom homes increased by +5.4%. The home price for 5 bedroom homes decreased by -3.5%.
Housing supply in Albuquerque, NM
How many homes are available in Albuquerque, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,875Last MonthDec 2024 | ||
| 2,1822 months agoNov 2024 | -14.1 % Change MoMNov – Dec |
Summary: The Albuquerque real estate market had 1,875 homes for sale in Dec 2024, a 14.1 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 497Last MonthDec 2024 | ||
| 4552 months agoNov 2024 | +9.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 65 | 59 | -9.2% |
| 22 Bedrooms | 355 | 312 | -12.1% |
| 33 Bedrooms | 1,102 | 946 | -14.2% |
| 44 Bedrooms | 549 | 457 | -16.8% |
| 55+ Bedrooms | 111 | 101 | -9.0% |
Summary: Albuquerque housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -9.2%. The inventory for 2 bedroom homes decreased by -12.1%. The inventory for 3 bedroom homes decreased by -14.2%. The inventory for 4 bedroom homes decreased by -16.8%. The inventory for 5 bedroom homes decreased by -9.0%.
Asking Price vs. Sold Price
How much do homes in Albuquerque, NM cost?
Over Asking Price82 Homes
At Asking Price139 Homes
Under Asking Price276 Homes
Insight
If you're buying a home in Albuquerque, you may be able to get a good deal. 55.5% of homes here sold below asking price last month.
Summary: A total of 497 homes were sold or pending in Albuquerque in December 2024, up by 9.2% month-over-month. Of the 497 sold homes, 56% were sold under asking, 28% were sold at asking, and and 16% were sold over asking.
Days on Market for Albuquerque, NM
How long does it take to sell a home in Albuquerque, NM?
Breakdown of Home Sale Times
Under 30 Days280 Homes
30 – 90 Days170 Homes
Over 90 Days47 Homes
Insight
Many homes in Albuquerque are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 497 homes were sold in Albuquerque; 56% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 37 DaysThis YearDec 2024 | ||
| 29 Days1 year agoDec 2023 | +27.2 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Albuquerque had an average listing age of 37 days in Dec 2024, up by 27.2% compared to the previous year.
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Newest Listings in Albuquerque, NM
What homes are available in Albuquerque, NM?
New - 2 hours on Rocket
$4,274 Closing Credit¹
#1076669, Joseph A Diz, Listing Office: Simply Real Estate
New - 2 hours on Rocket
$3,859 Closing Credit¹
#1076636, Kurstin Johnson, Listing Office: Vista Encantada Realtors, LLC
New - 2 hours on Rocket3D tour
$4,453 Closing Credit¹
#1076683, Alexa Kurilko Burton, Listing Office: Mossy Oak Prop. Enchanted Land
New - 2 hours on Rocket
$2,909 Closing Credit¹
#1076663, Patricia Homburg, Listing Office: Realty One of New Mexico
New - 3 hours on Rocket
$4,513 Closing Credit¹
#1076567, Vikki Covell, Listing Office: Coldwell Banker Legacy
New - 3 hours on Rocket3D tour
$7,707 Closing Credit¹
#1076682, Linn D Reece, Listing Office: Re/Max Alliance, REALTORS
New - 4 hours on Rocket
$3,859 Closing Credit¹
#1076680, Marian Martinelli, Listing Office: Q Realty
New - 4 hours on Rocket
$3,681 Closing Credit¹
#1076620, Tyler M Pete, Listing Office: EXP Realty LLC
New - 4 hours on Rocket
$3,919 Closing Credit¹
#1076654, Sherry A Gray, Listing Office: River Valley Realty, LLC
New - 4 hours on Rocket
$10,000 Closing Credit¹
#1076650, Megan F England, Listing Office: Vista Encantada Realtors, LLC
New - 4 hours on Rocket
$3,561 Closing Credit¹
#1076668, Celeste Pacheco, Listing Office: Realty One of New Mexico
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MLS Disclaimers and Copyright
Based on information from Southwest Multiple Listing Service, Santa Fe MLS, and North Texas Real Estate Information Systems Inc. for the period 01/01/2023 - 01/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 1/17/2025, 11:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.