United States > New Mexico > Bernalillo > Albuquerque

Albuquerque New Mexico Housing Market Overview

Albuquerque’s real estate market presents unique opportunities for homeowners considering a sale. Currently, homes in the Duke City are selling for a median price of $340,000, indicating a modest 1.3% increase from 2024. This stability, coupled with prices remaining 21% below the national average, makes our market particularly appealing to buyers who are looking for value.
The local market dynamics reveal that homes typically receive two offers and spend about 36 days on the market before selling. Properties are currently selling for approximately 1% below list price, which suggests a balanced market that does not favor either buyers or sellers too heavily. While Albuquerque continues to uphold its reputation for affordability, with a cost of living 6% below the national average, sellers should be mindful of significant factors such as flood risk affecting 20% of properties and wildfire risk impacting 61% of properties when considering their timing and pricing strategies. The city’s increasing attractiveness, combined with its diverse property types, ranging from single-family homes to condos and townhouses, continues to draw both local and out-of-state buyers, creating consistent demand across various price points and neighborhoods.

Why now is a good time to sell your property in Albuquerque New Mexico

Your Local Albuquerque Real Estate Team

We are well-acquainted with every neighborhood in the Duke City. From North Valley to South Valley, downtown to Rio Rancho, we connect sellers with qualified buyers across Bernalillo County and beyond. Our team understands Albuquerque’s unique market conditions, where the median home price is $340,000.
We work with all property types and conditions, including single-family homes near Nob Hill, downtown condos, multi-family properties, homes needing renovation, and move-in ready properties. Our service covers the entirety of greater Albuquerque, stretching to Los Lunas, Bernalillo, and Cedar Crest.

Experience a Better Way to Sell Your Albuquerque Home

Benefits of Owner Advocate

Benefits of Owner Advocate
Get Your Fast, Fair Cash Offer in 4 Simple Steps

We’ve streamlined the home selling process to make it hassle-free. The procedure begins with a quick consultation, followed by a local evaluation. This leads to a fast cash offer within 72 hours, followed by a simple closing in 10 days that aligns with your schedule.
We connect sellers with buyers throughout the Albuquerque metro area, including North Valley and South Valley. All types of homes are welcome — whether single-family, condos, or mobile homes. There are no realtor commissions, no closing costs, and you will never face any obligation to accept.
$340,000
Median Sale Price
$207
Price Per Square Foot
36
Median Days on Market
2
Average Offers Per Home
99%
List Price to Sale Price Ratio
-21%
National Price Comparison
-6%
Cost of Living vs National
20%
Flood Risk Properties
61%
Wildfire Risk Properties
52%
Heat Risk Properties
43
Walk Score
29
Transit Score
61
Bike Score
54%
Local Buyers Staying
46%
Buyers Moving Away
(Metrics from Redfin)
How does this data help me?
The Owner Advocate displays market data by showing market changes in locations across the USA
City Map
Albuquerque Key Takeaways
Median Sale Price:
$340,000
Scottsdale housing market is changing
$340,000
The average home value is $340,000 and goes to pending in around 36 days.
36
Average Days on Market
on average for MLS listed homes
Don't wait!
Now is a great time to sell your home.
Get the best cash offer for your property
Your home has more value than you might expect.

Why now is a good time to sell your property in Albuquerque New Mexico?

Why Sell Your Albuquerque Home Fast?

Life changes often necessitate quick decisions regarding your home. While traditional sales typically take 36 days in Albuquerque, many situations demand expedited solutions. Common reasons include sudden job transfers, preventing foreclosure, inherited properties, financial challenges, medical expenses, and divorce.
With Albuquerque’s median home price currently at $340,000 and environmental considerations such as wildfire risk, quick sales can help avoid market uncertainties and ongoing carrying costs. Our network of buyers can provide the fresh start many homeowners need, devoid of the typical stress associated with traditional selling.

Frequently Asked Questions About Selling Your Albuquerque Home

Q: How quickly can you close on my house in Albuquerque?

A: Our network can provide a cash offer within 72 hours of viewing your property, and we’re capable of closing in as few as 10 days. We understand that timing is crucial, and we work around your schedule. Our efficient process helps homeowners sell quickly while avoiding the typical 36-day average market time in Albuquerque.

Get Top Dollar for your Home

Sell Your Albuquerque Home Fast – Contact Us Today

Ready for a stress-free home sale? Owner Advocate connects sellers with qualified buyers throughout greater Albuquerque. Our network purchases properties in any condition across North Valley, South Valley, Rio Rancho, and surrounding areas. Get your fair cash offer within 72 hours and close in as little as 10 days.
Avoid realtor commissions and closing costs while selling on your timeline. Whether you own a house, condo, or mobile home, we’re prepared to assist. Contact our local team now to start your hassle-free home sale. Serving Bernalillo, Sandoval, Torrance, and Valencia counties with transparency and professionalism.
Why Choose Us:
  • Local market knowledge
  • Hassle-free process
  • Quick cash offers
  • No repairs needed
  • Options to fit your needs