What is the Average Home Price In Albuquerque NM?
The average home price in Albuquerque is $387,779 for October 2023 and the average home price in Albuquerque is $389,485 for the trailing twelve months (TTM). Read more and view the historical average home price in Albuquerque NM. In addition, check out this page for the median home price in Albuquerque.
Average Home Price In Albuquerque NM 2023
| Month | Average Home Price In Albuquerque NM | % YOY Change | TTM Average Home Price | % YOY Change |
| January | $360,863 | +6.9% | $373,840 | +12.4 |
| February | $361,336 | +2.7 | $374,572 | +11.6 |
| March | $362,749 | -.3 | $374,714 | +10.1 |
| April | $402,246 | +3.8 | $375,272 | +8.7 |
| May | $396,857 | +.5 | $374,815 | +6.7 |
| June | $408,171 | +5.9 | $376,598 | +6.0 |
| July | $417,357 | +10% | $379,872 | +5.8 |
| August | $421,231 | +15.8 | $385,537 | +6.8 |
| September | $401,633 | +8.7 | $388,566 | +6.6 |
| October | $387,779 | +2.6 | $389,485 | +5.5 |
| November | ||||
| December |
Average Home Price In Albuquerque NM 2022
| Month | Average Home Price In Albuquerque NM | % YOY Change | Average Home Price TTM | % YOY Change |
| January | $337,592 | +12.9 | $332,717 | |
| February | $351,922 | +15.1 | $335,539 | |
| March | $363,946 | +20.1 | $340,419 | |
| April | $387,610 | +19.2 | $345,297 | |
| May | $394,901 | +21.0 | $351,218 | |
| June | $385,293 | +12.7 | $355,255 | |
| July | $379,393 | +12.0 | $358,995 | |
| August | $363,665 | +5.6 | $360,948 | |
| September | $369,385 | +10.9 | $364,369 | |
| October | $378,135 | +15.9 | $369,085 | |
| November | $364,144 | +4.3 | $370,625 | |
| December | $365,891 | +2.8 | $371,764 |
Are home prices dropping in Albuquerque?
No, Albuquerque house prices are increasing. The average home price in Albuquerque for October 2023 is $387,779 which is an increase of 2.6% on a year-over-year basis.
Average Home Price in Albuquerque NM by Year
The table below provides the average home prices in Albuquerque New Mexico since 2000. This data is based on the sales prices of single-family detached homes sold in the city of Albuquerque for each year. In contrast, many of the big real estate websites utilize the “list price” as their data source for average house prices in Albuquerque New Mexico. Comparatively, our data on average Albuquerque real estate prices are the most accurate information available.
| Year | Average Home Price in Albuquerque NM | Average Home Price in Albuquerque % YOY Change |
| 2022 | $371,791 | +12.5 |
| 2021 | $330,420 | +11.95 |
| 2020 | $295,149 | +12.59 |
| 2019 | $262,156 | +7.90 |
| 2018 | $242,968 | +2.26 |
| 2017 | $237,593 | +3.50 |
| 2016 | $229,574 | +3.25 |
| 2015 | $222,351 | +1.71 |
| 2014 | $218,611 | +1.45 |
| 2013 | $215,488 | +4.91 |
| 2012 | $205,401 | +0.92 |
| 2011 | $203,534 | -6.74 |
| 2010 | $218,234 | +1.19 |
| 2009 | $215,677 | -7.63 |
| 2008 | $233,490 | -5.53 |
| 2007 | $247,136 | +7.9 |
| 2006 | $229,044 | +1.3 |
| 2005 | $206,430 | +10.6 |
| 2004 | $186,644 | +9.9 |
| 2003 | $169,887 | +3.8 |
| 2002 | $163,690 | +3.6 |
| 2001 | $157,944 | +1.6 |
| 2000 | $155,527 | +.05 |
Data For Average Albuquerque House Prices
You may be wondering why our average house prices in Albuquerque are different from other sources. Our data is from the Greater Albuquerque Association of Realtors and our average Albuquerque New Mexico housing prices are for the “sold price” of homes. In contrast, many sources utilize the “list price” of homes to determine the average home price. No doubt, our data is more accurate using the “sold” home prices than listing home prices. Also, our average Albuquerque house prices are for single-family “detached homes”. Thus, our data exclude townhomes, condos, and manufactured homes.
Our data do not include for sale by owner homes.
Furthermore, New Mexico is a nondisclosure state for the sales price of homes sold in New Mexico. In other words, it is very difficult for other sources to gather data on the sales price of a home in New Mexico. However, we have access to the sold prices through the Southwest Multiple Listing System (SWMLS).
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