Albuquerque, New Mexico is a dynamic city with a rich cultural heritage and a growing real estate market. As Realtors® in Albuquerque, we have the inside scoop on the latest trends and opportunities in the Albuquerque real estate market. Here’s what you need to know about homes for sale in Albuquerque.
According to Syan Real Estate, a locally owned and operated brokerage, the median home value for Albuquerque in 2024 was $343,000, with a growth rate of 3.94% over 2023.
Homes in Albuquerque are more affordable compared to the national average, making it an attractive option for homebuyers. The housing market in Albuquerque is diverse, with options ranging from cozy condos, spacious single-family residences to custom luxury homes.
Some of the popular neighborhoods in Albuquerque include Nob Hill, North Valley, and Southeast Heights. These areas offer a mix of homes for sale in Albuquerque, with a variety of styles and price points. Homes in Nob Hill tend to be more expensive due to its close proximity to downtown and the University of New Mexico. North Valley, on the other hand, is known for its large lots and sprawling homes. Southeast Heights is a popular neighborhood for first-time homebuyers, with a mix of older homes and new construction.
Learn how last month’s average home sales compare to previous years.
One of the reasons why Albuquerque is becoming a popular destination for homebuyers is its growing economy. The city is home to several major industries, including technology, film, and renewable energy. With a low unemployment rate and a steady job market, Albuquerque is a great place to call home.
In addition to its thriving economy, Albuquerque is known for its rich cultural heritage. From the famous Albuquerque International Balloon Fiesta to the historic Old Town, there’s always something to see and do in Albuquerque. The city is also home to several museums, galleries, and theaters, making it a hub for the arts.
National Association of Realtors
If you’re looking for homes for sale in Albuquerque, you won’t be disappointed. With its growing economy, affordable homes, and vibrant cultural scene, Albuquerque is a great place to call home. As Realtors® in Albuquerque, we would love to help you find the perfect home in this amazing city. Contact an Albuquerque Realtor®
Are you looking to buy or sell a home in the Albuquerque area? We can assist you through the entire process from consultation to close.
