#1078763, Casandra C Barros, Listing Office: K2 Omni Group
Northwest Albuquerque Housing Market Report January 2025•Bernalillo County, New Mexico
Housing Prices in Northwest Albuquerque, NM
How much do homes in Northwest Albuquerque, NM cost?
Housing Market Conditions
Is Northwest Albuquerque, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Northwest Albuquerque is a Seller's Market
Difference Since January 2024
Since last year, Northwest Albuquerque has remained a Seller's Market.
Northwest Albuquerque is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Northwest Albuquerque have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Northwest Albuquerque was $365,000 in January 2025, up 4.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $245K | $235K | -4.1% |
22 Bedrooms | $262.5K | $266K | +1.3% |
33 Bedrooms | $325.9K | $343.8K | +5.5% |
44 Bedrooms | $401.6K | $425K | +5.8% |
55+ Bedrooms | $510K | $492.1K | -3.5% |
Summary: Northwest Albuquerque housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -4.1%. The home price for 2 bedroom homes increased by +1.3%. The home price for 3 bedroom homes increased by +5.5%. The home price for 4 bedroom homes increased by +5.8%. The home price for 5 bedroom homes decreased by -3.5%.
Housing supply in Northwest Albuquerque, NM
How many homes are available in Northwest Albuquerque, NM?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
608Last MonthJan 2025 | ||
6642 months agoDec 2024 | -8.4 % Change MoMDec – Jan |
Summary: The Northwest Albuquerque real estate market had 608 homes for sale in Jan 2025, a 8.4 % decrease compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
134Last MonthJan 2025 | ||
1842 months agoDec 2024 | -27.2 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 10 | 8 | -20.0% |
22 Bedrooms | 75 | 59 | -21.3% |
33 Bedrooms | 363 | 326 | -10.2% |
44 Bedrooms | 175 | 168 | -4.0% |
55+ Bedrooms | 41 | 47 | +14.6% |
Summary: Northwest Albuquerque housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -20.0%. The inventory for 2 bedroom homes decreased by -21.3%. The inventory for 3 bedroom homes decreased by -10.2%. The inventory for 4 bedroom homes decreased by -4.0%. The inventory for 5 bedroom homes increased by +14.6%.
Asking Price vs. Sold Price
How much do homes in Northwest Albuquerque, NM cost?
Over Asking Price19 Homes
At Asking Price45 Homes
Under Asking Price70 Homes
If you're buying a home in Northwest Albuquerque, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 134 homes were sold or pending in Northwest Albuquerque in January 2025, down by 27.2% month-over-month. Of the 134 sold homes, 52% were sold under asking, 34% were sold at asking, and and 14% were sold over asking.
Days on Market for Northwest Albuquerque, NM
How long does it take to sell a home in Northwest Albuquerque, NM?
Breakdown of Home Sale Times
Under 30 Days79 Homes
30 – 90 Days32 Homes
Over 90 Days23 Homes
Many homes in Northwest Albuquerque are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 134 homes were sold in Northwest Albuquerque; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
44 DaysThis YearJan 2025 | ||
42 Days1 year agoJan 2024 | +4.8 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Northwest Albuquerque had an average listing age of 44 days in Jan 2025, up by 4.8% compared to the previous year.
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Newest Listings in Northwest Albuquerque, NM
What homes are available in Northwest Albuquerque, NM?
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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 02/01/2023 - 02/01/2025
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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: 2/22/2025, 8:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 2/22/2025, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 2/22/2025, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.