Albuquerque’s Real Estate Market: Steady, Affordable, and Surging Upward

by Jeremiah Collins

A Market That's Holding Its Ground

Home prices are climbing—but not wildly. As of mid‑2025, the median sale price in Albuquerque hovers around $350K, exhibiting very little change from the previous year. Still, listing prices have seen a gentle uptick, signaling consistent buyer interest (albuquerquehomesolutions.com, Redfin).
Alternative data sources add color: Zillow reports an average home value at about $343K, with a 2.2% year-over-year increase—and homes going pending in a swift 12 days on average (Zillow).
Realtor.com shows the median listing price trending around $381.5K, up roughly 4% compared to the prior year (Realtor).

Buyer Behavior & Market Dynamics

Eye-catching trend: In October 2024, a staggering 71% of homebuyers paid in cash—more than double the national average. This underscores strong investor interest and a savvy, well‑capitalized local buyer base (New York Post).

Why This Matters for You

For Buyers:

More choices. Increased inventory means greater flexibility—but still fewer options than in peak years.
Negotiation leverage. The modest rise in days on market suggests that strategic offers may stand out.
Fast-moving segments. Desirable homes still sell quickly—be ready.

For Sellers:

Price smartly. Well-priced homes can capitalize on solid demand. Proper staging and marketing remain key.
Use cash as a selling tool. Cash offers—where they exist—can fast-track closings and reduce uncertainty.

Snapshot Table – Albuquerque Real Estate Mid-2025

Metric	Value / Trend
Median Sale Price	~$350K (flat YoY)
Median Listing Price	~$381.5K (↑ ~4% YoY)
Average Home Value (Zillow)	~$343K (↑ ~2.2% YoY)
Average Days on Market	35 days (median: 14 days)
Closed Sales (Q2 2025)	2,671 homes (~30/day)
Inventory Level	~2,094 active listings (↑ 26% YoY)
Cash Purchases (Oct 2024)	71% of sales

Final Word

Albuquerque’s real estate market in mid-2025 stands out for its steady price appreciation, growing but still limited inventory, and an unusually high rate of cash transactions. It’s a market that’s competitive yet realistic, active but not overheated—and full of opportunity for savvy buyers and sellers alike.

Feel like exploring specific neighborhoods, tips for staging, or insights into upcoming shifts in the market? Just say the word!