$169,900 House For Sale
3 bed, 3.0 bath, 1,987 sqft
Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more
The median home value in Albuquerque Metro is $178,500. Albuquerque Metro home values have declined -1.0% over the past year and Zillow predicts they will rise 0.3% within the next year. The median price of homes currently listed in Albuquerque Metro is $199,900. The median rent price in Albuquerque Metro is $1,025, which is higher than the New Mexico median of $980.
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Albuquerque Metro is 7.4%, which is higher than the national value of 7.2%.more
The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.