Albuquerque Home Prices & Values – August 2025 Update
The Zillow Home Value Index (ZHVI) tracks the estimated value of every home, sold or not, giving a reliable view of where prices are heading.
Individual Zestimates can vary, but in aggregate, the trend data for the Albuquerque area is a strong market gauge.
Quick Snapshot – July 2025 Albuquerque Home Values
| Metric | Value | Change vs. June 2025 | Change vs. July 2024 |
|---|---|---|---|
| Typical Albuquerque Home Value (ZHVI) | $346,000 | +0.12% | +1.84% |
Key takeaway: Values are up modestly year-over-year, with lighter-than-usual month-to-month gains for this time of year.
Long-Term Context: 25 Years of Trends
From 1999 through July 2025, Albuquerque shows steady long-run appreciation with normal cycles.
Historically, June→July averages +0.71%; in 2025, it was +0.12%, indicating slower seasonal appreciation this year.
How Albuquerque Compares Nationally
- Albuquerque: +1.8% YoY
- Stronger metros: Hartford (~+4.5%), Detroit (~+4%), Rochester (~+4%)
- Weaker metros: Many Florida metros (~−10%), Austin (~−6%)
Real estate is local. Albuquerque is outperforming several Southwest peers (e.g., Phoenix down, El Paso near flat).
12-Month Forecast
Zillow’s outlook places Albuquerque in the Top 10 for expected appreciation:
+2% over the next year vs. +0.4% nationally. Interactive chart HERE
The local projection ticked up from ~+1.5% last month. El Paso is similarly projected around +2%.
Market Pace & Sales Volume
- Projected 2025 sales: ~10,000 homes (vs. ~15,000 in 2021)
- Inventory: Still below 2019 levels, which supports prices despite slower activity
FAQs: Albuquerque Home Values
What is the typical home value in Albuquerque right now?
The ZHVI shows $346,000 for July 2025.
Are Albuquerque home prices rising or falling?
Rising modestly: +1.84% year-over-year, but slower month-to-month than the long-run average.
How does Albuquerque compare to the U.S. overall?
National forecast is ~+0.4%; Albuquerque is projected at +2% from July 2025 to July 2026, among the stronger markets.
Why use ZHVI instead of recent sales only?
ZHVI tracks every home (sold or not), giving a broader read on local value trends, not just sale price trends.
Is it a buyer’s or seller’s market?
Closer to balanced than we have seen since 2019. Limited inventory still gives sellers leverage; buyers have more choice than during the boom. However, it will depend on the home price point, home condition, and location.
Local Insight
Albuquerque has been resilient. The market is steady, not surging. Sellers should price strategically. Buyers should act on well-priced homes while selection is better than in prior boom years.