Albuquerque - NM housing market

The typical Albuquerque home is worth $349,919 as of August 2026, up 0.1% from the prior month, up 0.3% over three months, and up 1.5% from a year ago. Over the past two years values have ranged from $339,121 to $349,919.

Homes are going pending in about 16 days, slower than the 11 days seen three months earlier. There are roughly 2,897 homes for sale, 2% fewer than a year ago. 30.8% of listings have taken a price cut (up from 25.9% three months ago).

Typical rent is $1,499 a month, up 1.7% year over year, which puts the price-to-rent ratio at 19.5.

At this week's 7.40% mortgage rate with 20% down ($69,984), the typical Albuquerque home costs about $2,376 a month including tax and insurance, which needs a household income of roughly $101,800 to stay under a 28% payment-to-income ratio.

The typical home value ($349,919) is the Zillow Home Value Index for the Albuquerque - NM metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.5% over the past year. In Albuquerque - NM, that means a home worth $344,748 last year is now worth roughly $349,919.

The median sale price, what homes actually close for, is $355,588. Homes are selling at 98.9% of list price, meaning buyers have room to negotiate.

Homes listed in Albuquerque - NM sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.

About 30.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,008 new listings hit the market each month in Albuquerque - NM. There are currently 2,897 homes for sale, down 1.7% from a year ago.

The typical monthly rent in Albuquerque - NM is $1,499, up 1.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 19.5x, toss-up (#52 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,938 a month in principal and interest, $439 more than renting before taxes, insurance and upkeep. The two break even at a 4.98% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →