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.

$390,603.5
Average price last 6 months
$164.5
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 October, the average price per sq.feet was $154. In the following month the price per sq.feet increased to $164. In the following two months the price per sq.feet has barely changed, going from $159 to $163.5 per sq.feet. The price per sq.feet has increased 106 % 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 $161.25 to $171 during February, and March.

Average price

Based upon to the price in Albuquerque (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $303,339. During November the price went through a considerable rise reaching $406,759. During the following two months (December, January) the price has had an average incrementation from $355,049 to $399,438. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $432,526 they are 55 % more affordable than the average price for Albuquerque. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $312,580.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $159 / sq.feet, with an average $176 / sq.feet price in Albuquerque. The properties with the highest average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $186 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $432,526 it is 31 % cheaper than the average price in Albuquerque. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $476,833 it is 176 % 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 $128 / sq.feet followed by "House" priced at $171 / sq.feet. "Condo" is the most costly type of property with a $198 / sq.feet cost followed by "House" with an average price of $171 / sq.feet.

Charts data
Average price March
Average price per sq.feet March
Number of properties used in Albuquerque
Number of properties used in region New Mexico
$432,526
$176
4,928
27,400
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value