Albuquerque Real Estate Market Report

As of October 20, 2026. This report uses GAAR's September 2026 figures (published October 13, 2026) and the 2nd Quarter 2026 area figures (April 1 to June 30, 2026). We update it when GAAR publishes new numbers.

Albuquerque Housing Market at a Glance

• Median price: $386,990 for detached homes across the Greater Albuquerque area in September 2026, flat with September 2025 ($387,000).
• Speed: a median of 18 days on market, down from 21 a year earlier, with sellers receiving about 98.6% of list price.
• Supply: 2,273 active listings and 3.3 months of supply, up from 2.8 months a year earlier.
• Sales: 689 closed sales, 12.0% fewer than in September 2025.
• Albuquerque proper, 2nd quarter 2026: a median of $377,500 on 1,609 detached sales, up 3.4% from the 2nd quarter of 2025.

September 2026: Greater Albuquerque Area

GAAR's monthly figures cover the whole Southwest MLS service area (Bernalillo, Sandoval, Santa Fe, Socorro, Torrance and Valencia counties), not just the city. Here is how September 2026 compared with a year earlier for detached homes:

Attached homes (condos and townhomes) had a September 2026 median sale price of $279,000 on 82 sales, a median of 19 days on market, and 2.8 months of supply.

What the numbers show: prices held steady year over year while the number of homes for sale and the months of supply rose. Buyers had more choice than a year earlier, and homes still sold in a median of under three weeks. Fewer homes closed than in September 2025.

2nd Quarter 2026: Albuquerque by Area

For Albuquerque (MLS areas 10 to 121), GAAR reported for April through June 2026:

• Detached homes: median $377,500 (up 3.4%), average $451,013, 1,609 sales, 2,102 new listings and an average of 31 days on market as GAAR reports it.
• Attached homes: median $270,000 (down 2.8%), 210 sales.

Prices vary a lot by area. This table shows detached sales and medians by MLS area for the 2nd quarter of 2026. Areas with few sales can swing sharply from one quarter to the next.

MLS area 112 (Canoncito) had no sales in the quarter. For more on individual areas, see our pages on the Northeast Heights, Sandia Heights, the North Valley, the Westside, Nob Hill, Downtown, Uptown, Four Hills and Mesa del Sol.

What It Means for Buyers and Sellers

Buyers: with more homes on the market than a year ago, you may have more time to compare. Well-priced homes in popular areas still sell quickly, so get pre-approved before you start touring.

Sellers: prices have held, but buyers have more options. Pricing to recent sales in your own MLS area matters more than the citywide median. Start with a look at Albuquerque home values or a free home valuation.

You can also create a custom market report for a neighborhood or price range and get new listings and sales by email.

Thinking about buying or selling in Albuquerque? Call Albuquerque Realty at (505) 226-2083. Our office at 500 Marquette Ave NW, Suite 1200, in downtown Albuquerque is open 9 to 6. Broker Leland Titus has worked in New Mexico real estate since 2006, in both Albuquerque and Santa Fe. For a quick number on your current home, start with a free home valuation, or create a custom market report to follow new listings and sales.

Market Report FAQs

What is the median home price in Albuquerque right now?

In September 2026 the median sale price for detached homes across the Greater Albuquerque area was $386,990, according to the Greater Albuquerque Association of REALTORS®. In the 2nd quarter of 2026, detached homes in Albuquerque itself (MLS areas 10 to 121) had a median of $377,500.

Are Albuquerque home prices going up or down?

They are roughly flat. The September 2026 median for detached homes in the Greater Albuquerque area, $386,990, was about the same as September 2025, and the year-to-date median was up 2.7%. In the 2nd quarter of 2026, the Albuquerque median was up 3.4% from a year earlier.

Is Albuquerque a buyer's or seller's market?

It is still fairly tight, but loosening. In September 2026 the Greater Albuquerque area had 3.3 months of supply of detached homes, up from 2.8 months a year earlier, and homes sold in a median of 18 days, according to GAAR.

Which Albuquerque areas have the highest and lowest median prices?

In the 2nd quarter of 2026, the highest detached medians were in Sandia Heights ($863,500) and North Albuquerque Acres ($852,500), and the lowest was in the Near South Valley ($240,000), according to GAAR.

How often is this market report updated?

We update it after GAAR publishes new monthly and quarterly figures. This version is as of October 20, 2026, using September 2026 and 2nd quarter 2026 data.

Sources

• Greater Albuquerque Association of REALTORS®, Market Review September 2026 (infographic): https://www.gaar.com/images/uploads/statistics/Sept_26_Market_Report.pdf
• Southwest MLS Market Summary, September 2026 (full report, data updated Oct 5, 2026): https://www.gaar.com/images/uploads/statistics/Full_Market_Report_2026_09.pdf
• Greater Albuquerque Association of REALTORS®, 2nd Quarter 2026 Full Report (April 1 to June 30, 2026): https://www.gaar.com/images/uploads/statistics/2nd_QTR_Full_Report_2026_%282%29.pdf

Figures are for single-family detached homes unless noted, from Southwest MLS data as published by GAAR. They are deemed reliable but not guaranteed. A median is the middle sale price: half of the homes sold for more and half for less.

Last updated October 2026 by Albuquerque Realty, 500 Marquette Ave NW, Suite 1200, Albuquerque, NM 87102. Call (505) 226-2083.