As of November 1, 2026, the median list price in Albuquerque, New Mexico (city limits / MLS city designation) is $375,000 across 1,968 active listings. For residential homes (single-family and attached), the median list price is $414,900 at a median of $225 per square foot. 501 new listings hit the market in the last 30 days. With 13 listings under contract (0.7% of inventory), conditions point to a balanced-to-buyer's market.
Albuquerque Market Snapshot (city-level data)
| Metric | Value |
|---|---|
| Active listings (inventory) | 1,968 |
| Median list price | $375,000 |
| Average (mean) list price | $498,872 |
| Middle 50% price range (P25–P75) | $287,875 – $530,000 |
| Median price per sqft | $224/sqft |
| New listings (last 30 days) | 501 |
| Under contract | 13 (0.7%) |
| Median year built | 1985 |
| Median living area | 1,859 sqft |
What Homes Actually Sold For in Albuquerque (closed-sale data)
Closed-sale data: detached single-family homes in Albuquerque, SFAR + SWMLS MLS. Trailing 12 months through November 1, 2026. Inventory and pending counts in this section use that same snapshot date.
| Metric | Value |
|---|---|
| Homes sold (last 12 months) | 5,417 |
| Median sale price (12 mo) | $373,000 |
| Median sold $/sqft (12 mo) | $215/sqft |
| Median days on market, sold homes (12 mo) | 16 days |
| Sold above / below final asking (12 mo) | 16% sold over asking (while 49% sold under) |
| Final asking price received (median, 12 mo) | 99.8% of final asking price |
| Homes sold (last 90 days) | 1,272 |
| Median sale price (90 days) | $378,850 |
| Months of inventory (true absorption) | 2.8 months |
Sales by Price Band (last 12 months)
| Price band | Closed sales |
|---|---|
| Under $400K | 3,166 sales (58%) |
| $400K–$700K | 1,786 sales (33%) |
| $700K–$1M | 313 sales (6%) |
| $1M–$2M | 140 sales (3%) |
| Over $2M | 12 sales (0%) |
By Property Type
| Property type | Inventory | Median list price | Median $/sqft | Median DOM |
|---|---|---|---|---|
| Residential (single-family & attached homes) | 1,187 | $414,900 | $225 | — |
| Condominium / townhome | 206 | $300,000 | $220 | — |
| Vacant land & lots | 275 | $125,000 | — | — |
| Multi-family | 172 | $415,000 | — | — |
Frequently Asked Questions
What is the median home price in Albuquerque, New Mexico?
As of November 1, 2026, the median list price in Albuquerque, New Mexico (city limits / MLS city designation) is $375,000 across 1,968 active listings (all property types). For residential homes specifically, the median list price is $414,900.
What is the average price per square foot in Albuquerque, NM?
The median price per square foot in Albuquerque, New Mexico (city limits / MLS city designation) is $224/sqft (mean $234/sqft), based on 1,392 listings with reported square footage, as of November 1, 2026.
Is Albuquerque a buyer's or seller's market right now?
Current data points to a balanced-to-buyer's market in Albuquerque, New Mexico (city limits / MLS city designation): only 1% of listed inventory is under contract — buyers have negotiating room (13 of 1,968 listings under contract as of November 1, 2026).
What price range covers most homes for sale in Albuquerque, NM?
The middle 50% of active listings in Albuquerque, New Mexico (city limits / MLS city designation) are priced between $287,875 and $530,000. Listings range from $5,500 up to $10,990,000, so segment matters — averages alone can mislead.
What do homes actually sell for in Albuquerque, NM?
Over the 12 months through November 1, 2026, 5,417 detached single-family homes closed in Albuquerque, New Mexico (city limits / MLS city designation) at a median sale price of $373,000 ($215/sqft). 16% sold over asking (while 49% sold under) relative to final asking price. Aggregate MLS sold data from SFAR + SWMLS.
How fast are homes selling in Albuquerque, NM?
For detached single-family homes that closed in Albuquerque, New Mexico (city limits / MLS city designation) in the 12 months through November 1, 2026, median recorded days on market was 16. At 2.8 months of inventory, supply is tight — a seller's market by the classic 6-month benchmark.
Data source & methodology: Active-listing statistics computed from Santa Fe Association of REALTORS® (SFAR) and Southwest MLS (SWMLS) data as displayed via IDX on buysellnewmexico.com, snapshot date November 1, 2026. Geographic bin: Albuquerque, New Mexico (city limits / MLS city designation) (bin type: city). Closed-sale statistics computed from board-direct SFAR + SWMLS MLS sold records for detached single-family homes (as of 2026-11-01), de-duplicated across boards for dual-listed properties. New Mexico is a non-disclosure state: only aggregate sold statistics (medians, counts, ratios) are published — never individual sale prices. Median values are used in preference to averages to limit distortion from luxury-segment outliers. Metrics with insufficient reporting samples are omitted rather than estimated. Prepared by Matthew Scarborough — Scarborough Realty Group, Keller Williams Santa Fe.