1 hour on Rocket
$7,719 Closing Credit¹
#1081012, Nathan Ray Martin, Listing Office: RE/MAX SELECT
Albuquerque Housing Market Report February 2025•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 February 2024
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
$349,921$207/SqFt
+$15,036
+4.5%
Based on all homes sold in the last 12 months
Insight
Homes in Albuquerque have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Albuquerque was $349,921 in February 2025, up 4.5% from last year, and the median price per square foot was $207.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Los Ranchos de Albuquerque | $925K | $992.5K | +7.3% |
| Albuquerque | $334.8K | $349.9K | +4.5% |
| Rio Rancho | $352.3K | $357.7K | +1.5% |
| Corrales | $691K | $684.9K | -0.9% |
| West Bernalillo | $499.9K | $445K | -11.0% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $200K | $206K | +3.0% |
| 22 Bedrooms | $265K | $270K | +1.9% |
| 33 Bedrooms | $316.1K | $334.9K | +6.0% |
| 44 Bedrooms | $415K | $433.4K | +4.4% |
| 55+ Bedrooms | $551.3K | $535K | -3.0% |
Summary: Albuquerque housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +3.0%. The home price for 2 bedroom homes increased by +1.9%. The home price for 3 bedroom homes increased by +6.0%. The home price for 4 bedroom homes increased by +4.4%. The home price for 5 bedroom homes decreased by -3.0%.
How does Albuquerque, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Albuquerque, NM
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 |
|---|---|---|
| 1,929Last MonthFeb 2025 | ||
| 2,1302 months agoJan 2025 | -9.4 % Change MoMJan – Feb |
Summary: The Albuquerque real estate market had 1,929 homes for sale in Feb 2025, a 9.4 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 418Last MonthFeb 2025 | ||
| 4652 months agoJan 2025 | -10.1 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 67 | 61 | -9.0% |
| 22 Bedrooms | 341 | 319 | -6.5% |
| 33 Bedrooms | 1,079 | 931 | -13.7% |
| 44 Bedrooms | 540 | 517 | -4.3% |
| 55+ Bedrooms | 103 | 101 | -1.9% |
Summary: Albuquerque housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -9.0%. The inventory for 2 bedroom homes decreased by -6.5%. The inventory for 3 bedroom homes decreased by -13.7%. The inventory for 4 bedroom homes decreased by -4.3%. The inventory for 5 bedroom homes decreased by -1.9%.
Asking Price vs. Sold Price
How much do homes in Albuquerque, NM cost?
Over Asking Price76 Homes
At Asking Price135 Homes
Under Asking Price207 Homes
Insight
If you're buying a home in Albuquerque, you may be able to get a good deal. 49.5% of homes here sold below asking price last month.
Summary: A total of 418 homes were sold or pending in Albuquerque in February 2025, down by 10.1% month-over-month. Of the 418 sold homes, 50% were sold under asking, 32% were sold at asking, and and 18% 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 Days219 Homes
30 – 90 Days120 Homes
Over 90 Days79 Homes
Insight
Many homes in Albuquerque are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 418 homes were sold in Albuquerque; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 45 DaysThis YearFeb 2025 | ||
| 35 Days1 year agoFeb 2024 | +30.1 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Albuquerque had an average listing age of 45 days in Feb 2025, up by 30.1% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Albuquerque, NM
What homes are available in Albuquerque, NM?
Popular Cities with Homes for Sale in New Mexico
- Homes for sale in Albuquerque, NM
- Homes for sale in Anthony, NM
- Homes for sale in Belen, NM
- Homes for sale in Bernalillo, NM
- Homes for sale in Cerrillos, NM
- Homes for sale in Corrales, NM
- Homes for sale in Edgewood, NM
- Homes for sale in Espanola, NM
- Homes for sale in Los Lunas, NM
- Homes for sale in Moriarty, NM
- Homes for sale in Placitas, NM
- Homes for sale in Rio Rancho, NM
- Homes for sale in Sandia Park, NM
- Homes for sale in Santa Fe, NM
- Homes for sale in Tijeras, NM
MLS Disclaimers and Copyright
Based on information from Southwest Multiple Listing Service, and Santa Fe MLS for the period 03/01/2023 - 03/01/2025
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: 3/31/2025, 4:20:50 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: 3/31/2025, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.