Property prices for sale in Albuquerque (New Mexico)

The prices in real estate in Albuquerque, in the New Mexico region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$299,366.83
Average price last 6 months
$137.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Albuquerque has increased during the last 6 months. In November, the average price per sq.feet was $131. In December this price pretty much remained the same at a value of $136 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $133.5 to $134.5 per sq.feet. The price per sq.feet has increased 109 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $134 to $145.5 during March, and April.

Average price

Based upon to the price in Albuquerque (cities), these have remained the same in the last 6 months. The average price for November is $297,889. During December the price had a slight fall till $280,588. In the following two months the average price has remained the same with regard to the previous two months from $289,238.5 to $298,692. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $319,901 they are 32 % more affordable than the average price for Albuquerque. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 1 bedroom priced at $339,188.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $136 / sq.feet, with an average $149 / sq.feet price in Albuquerque. The properties with the highest average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $152 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $319,901 it is 55 % cheaper than the average price in Albuquerque. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $348,659 it is 275 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $127 / sq.feet followed by "Duplex" priced at $136 / sq.feet. "Condo" is the most costly type of property with a $1,128 / sq.feet cost followed by "Commercial" with an average price of $202 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Albuquerque
Number of properties used in region New Mexico
$319,901
$149
12,460
54,764
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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