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Albuquerque

Why you'd want to live in Albuquerque

Perhaps best known for the annual Albuquerque International Balloon Fiesta and as the setting for AMC's hit show "Breaking Bad," Albuquerque, New Mexico, is a culturally rich and naturally beautiful metropolitan area. Sitting at the crossroads of New Mexico's major highways (Interstates 40 and 25), Albuquerque has long attracted new residents with its favorable economy and artistic atmosphere. Albuquerque residents have plenty to keep them busy, from the art galleries of Old Town to the historic Native American sites all around the region. The Albuquerque BioPark's zoo, gardens and aquarium are popular with families, and a host of museums are great places to spend the rare rainy day. While its nightlife is tame by big-city standards, Albuquerque has a robust culinary scene that features local red and green chile peppers, and includes nationally recognized wineries and breweries. Albuquerque offers quick access to outdoor recreation, such as hiking, mountain biking and even skiing in the Sandia Mountains that border the metro area to the east. The Rio Grande that flows through the city center is a playground for kayakers, and miles of walking and cycling trails wind through its wooded banks. via realestate.usnews.com

Albuquerque Market Report

$449,705

AVERAGE PRICE OF 1,771 HOMES

$242,352

AVERAGE PRICE OF 34 DISTRESSED HOMES

$1,761,008

AVERAGE PRICE OF 87 MULTI-MILLION DOLLAR HOMES

$537,977

AVERAGE PRICE OF 129 NEWLY BUILT HOMES

$884,897

AVERAGE PRICE OF 82 HOMES WITH A POOL

$456,115

AVERAGE PRICE OF 62 REDUCED PRICE HOMES

Average Home

Average Price $449,705
Avg Bedrooms 2.6 beds
Avg Bathrooms 1.98 baths

Average Price by Bedrooms

1 bedroom $458,165
2 bedrooms $378,866
3 bedrooms $391,804
4 bedrooms $520,642
5 bedrooms $829,594
Albuquerque Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 1,737 1,676 1,647 1,685 1,650
Average Price $440,606 $433,730 $426,838 $413,321 $409,856
Avg Price Change +1.59% +1.61% +3.27% +0.85% -0.31%
Median Price $352,410 $348,477 $338,290 $330,239 $330,926
Med Price Change +1.13% +3.01% +2.44% -0.21% +1.33%
Avg Bedrooms 2.59 beds 2.57 beds 2.5 beds 2.51 beds 2.49 beds
Avg Bathrooms 1.96 baths 1.93 baths 1.88 baths 1.89 baths 1.88 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Albuquerque 142 $417,085 59 days
La Cueva 168 $662,029 79 days
Rio Grande 147 $310,140 131 days
Volcano Vista 201 $311,855 120 days
West Mesa 191 $402,067 63 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,771 $449,705 77 days
Distressed Homes 34 $242,352 52 days
Multi-Million Dollar Homes 87 $1,761,008 112 days
Newly Built Homes 129 $537,977 118 days
Homes with a Pool 82 $884,897 58 days
Reduced Price Homes 62 $456,115 47 days
Keller Williams Riverside
Anne Vallejos
6240 Riverside Plaza NW, Suite 100
Albuquerque, NM 87120
505-226-4348
mortgage-solutions-financial.png
Michael E. Martin
7770 Jefferson NE, Suite 100
Albuquerque, NM 87109
505-264-6277

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