What is the Median Home Price In Albuquerque, NM, in 2024?
The median home price in Albuquerque is $365,000 for October 2024 and $352,500 for the trailing twelve months (TTM). Read more and view the historical median Albuquerque house prices. In addition, you can learn more about the average home price in Albuquerque.
2024 Median Home Price
| Month | Monthly | % YOY Change | TTM | % YOY Change |
| January | $329,990 | +6.4 | $345,000 | +7.1 |
| February | $330,000 | +3.1 | $345,000 | +6.2 |
| March | $350,000 | +7.7 | $346,700 | +6.7 |
| April | $350,000 | 0 | $346,000 | +6.5 |
| May | $365,000 | +4.7 | $350,000 | +7.0 |
| June | $365,000 | +.14 | $350,000 | +6.1 |
| July | $365,000 | +5.2 | $350,000 | +5.9 |
| August | $357,850 | -.7 | $350,000 | +4.5 |
| September | $357,832 | +1.1 | $350,000 | +2.9 |
| October | $365,000 | +7.4 | $352,500 | +3.7 |
| November | ||||
| December |
2023 Median Home Prices
| Month | Monthly | % YOY Change | TTM Median Home Price | % YOY Change |
| January | $310,000 | +1.6 | $322,022 | +11.8 |
| February | $320,000 | +5.3 | $325,000 | +6.6 |
| March | $325,000 | +3.7 | $325,000 | +6.1 |
| April | $350,000 | +4.5 | $325,000 | +3.2 |
| May | $348,500 | +2.5 | $327,000 | +.7 |
| June | $364,500 | +10.5 | $330,000 | +8.1 |
| July | $347,000 | +6.1 | $330,554 | +6.6 |
| August | $360,500 | +11.1 | $335,000 | +8.3 |
| September | $354,000 | +7.3 | $338,595 | +7.5 |
| October | $340,000 | +5.7 | $340,000 | +6.3 |
| November | $348,890 | +10.8 | $348,890 | +9.0 |
| December | $336,890 | +5.3 | $342,000 | +6.9 |
2022 Median Home Prices
| Month | Monthly | % YOY Change | TTM | % YOY Change |
| January | $305,000 | +19.6 | $288,000 | |
| February | $304,000 | +16.7 | $290,000 | |
| March | $313,500 | +18.1 | $295,000 | |
| April | $335,000 | +19.9 | $300,000 | |
| May | $340,000 | +19.3 | $303,000 | |
| June | $330,000 | +10.0 | $305,500 | |
| July | $326,950 | +11.6 | $310,000 | |
| August | $324,490 | +10.0 | $312,000 | |
| September | $330,000 | +14.7 | $315,000 | |
| October | $321,500 | +15.1 | $320,000 | |
| November | $315,000 | +5.7 | $320,000 | |
| December | $320,000 | 0 | $320,000 |
Historical Median Pricing By Year
The table below provides the median home price in Albuquerque, which began in 2000. Additionally, this data is based on the sales of single-family detached homes sold in Albuquerque each year. In contrast, many real estate websites utilize the “list price” to determine the median home price in Albuquerque as their data source. Comparatively, our data is the most accurate information for calculating the Albuquerque median home price.
| Year | Albuquerque NM | % YOY Change |
| 2023 | $342,000 | +6.9 |
| 2022 | $320,000 | +12.3 |
| 2021 | $285,000 | +11.55 |
| 2020 | $255,500 | +15.61 |
| 2019 | $221,000 | +7.80 |
| 2018 | $205,000 | +3.54 |
| 2017 | $198,000 | +2.59 |
| 2016 | $193,000 | +4.32 |
| 2015 | $185,000 | +2.78 |
| 2014 | $180,000 | +1.69 |
| 2013 | $177,000 | +5.04 |
| 2012 | $168,500 | -.2 |
| 2011 | $168,870 | -6.13 |
| 2010 | $179,900 | -.88 |
| 2009 | $181,500 | -6.44 |
| 2008 | $194,000 | -4.03 |
| 2007 | $200,000 | +5.3 |
| 2006 | $190,000 | +11.8 |
| 2005 | $169,900 | +12.1 |
| 2004 | $151,500 | +6.7 |
| 2003 | $142,000 | +3.6 |
| 2002 | $137,000 | +1.5 |
| 2001 | $135,000 | +2.3 |
| 2000 | $132,000 | -2.1 |
Data For Albuquerque House Prices
You may wonder why our median home prices differ from other Albuquerque, New Mexico sources. Our data is from the Greater Albuquerque Association of Realtors and utilizes the “sold price” of house prices in Albuquerque, New Mexico. In contrast, many sources utilize the “listing price” of home prices in Albuquerque, New Mexico, to determine the median home price. No doubt, our information is more accurate because we use sold home prices rather than listing home prices. Our website provides the median home price for single-family “detached homes.” Thus, our data exclude townhomes, condos, and manufactured homes. Also, our data do not include for sale by owner homes and newly built homes not listed in the multiple listing system.
Furthermore, New Mexico is a nondisclosure state for real estate prices sold in New Mexico. In other words, it is challenging for other sources to gather data on housing prices in Albuquerque, New Mexico. However, we can access the sold prices through the Southwest Multiple Listing System (SWMLS).
Frequently Asked Questions – FAQs
Q: What is the median home price in Albuquerque?
A: A: The median home price is $365,000 for single-family detached homes for October 2024.
Q: Are Albuquerque home prices dropping?
A: No, home prices are increasing in Albuquerque. The median home price in September 2024 was $365,000, an increase of 7.4% year over year.
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