Albuquerque, NM Housing Market Report

The Albuquerque housing market is currently transitioning into a more balanced environment, though it still leans slightly in favor of sellers due to a high sale-to-list ratio of 0.99. As of December 2025, the median home value stands at $335,186, reflecting a modest year-over-year increase of 1.37%. While prices remain resilient, the most notable shift is the significant growth in active inventory, which has risen by 8.24% over the past year to 2,378 listings. This influx of options is providing buyers with more leverage than they have seen in recent years.

Price trends over the last six months indicate a period of stabilization followed by a gentle upward trajectory. After a slight dip in late summer, values began a consistent climb from $333,385 in September to the current December high. This steady growth suggests that demand remains healthy despite broader economic pressures. The rental market is mirroring this stability, with median rents rising 1.49% to $1,474, indicating that the cost of housing across both sectors is keeping pace with inflation rather than experiencing the volatile spikes seen in previous cycles.

For prospective participants, the increase in days on market—now averaging 58 days—is a critical metric. This 10-day increase compared to last year suggests that buyers are taking more time to evaluate their options and are less likely to engage in the frenetic bidding wars of the past. Sellers should be prepared for longer listing periods and must ensure their properties are priced accurately to the market, as the 0.99 sale-to-list ratio shows that buyers are successfully negotiating small discounts off the asking price. Looking ahead, the Albuquerque metro area appears to be entering a phase of sustainable growth, making it an attractive target for long-term residential investment.