What is the Median Home Price In Albuquerque NM in 2024?
The median home price in Albuquerque is $329,990 for January 2024, and $345,000 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.
Median Home Price Albuquerque NM 2024
Month | Albuquerque NM | % YOY Change | TTM | % YOY Change |
January | $329,990 | +6.4 | $345,000 | +7.1 |
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Are home prices dropping in Albuquerque?
No, home prices are increasing in Albuquerque, the median home price in Albuquerque in January 2024 is $329,990, which is an increase of 6.4% year-over-year basis.
Median Home Price Albuquerque NM 2023
Month | Albuquerque NM | % 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 | $339,795 | +5.7 | $340,000 | +6.3 |
November | $348,890 | +10.8 | $348,890 | +9.0 |
December | $336,890 | +5.3 | $342,000 | +6.9 |
Median Home Price In Albuquerque NM 2022
Month | Albuquerque NM | % 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 |
Median Home Price in Albuquerque NM by Year
The table below provides the median home price in Albuquerque beginning in 2000. Additionally, this data is based on the sales of single-family detached homes sold in the city of 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 to calculate the Albuquerque real estate median home price.
Year | Albuquerque NM | % YOY Change |
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 be wondering why our median home price in Albuquerque New Mexico are different from other sources. Our data is from the Greater Albuquerque Association of Realtors and our data 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 mls.
Furthermore, New Mexico is a nondisclosure state for real estate prices sold in New Mexico. In other words, it is very difficult for other sources to gather data on the Albuquerque New Mexico housing prices. However, we have access to the sold prices through the Southwest Multiple Listing System (SWMLS).