2024 Annual Market Statisticcs

Published on Jan 31, 2025

2024 Annual Market Statistics

• Pending Sales were down 3.0 percent to 10,020 over last year, while closed sales were down 0.6 percent to finish the year at 9,831.
• Home prices were up compared to last year. The overall median sales price increased 4.0 percent to $350,000 for the year. Single Family home prices were up 4.3 percent compared to last year, and Townhouse/Condo home prices were up 5.8 percent.
• Year-over-year, the number of homes available for sale decreased 13.8 percent. There were 1,628 active listings at the end of 2024 compared to 1,431 listings at the end of 2023. New listings increased by 7.1 percent to finish the year at 12,614.
• There were 144,516 total showings reported by participating showing services in the region, with 9 showings before pending, which was down 10.0 percent from 2023.
• The number of homes sold in the $199,999 or Less price range fell 23.4 percent to 462 homes. Homes sold in the $379,000 or More price range were up 15.1 percent to 4,399 homes.
• Sellers received, on average, 98.9 percent of their list price at sale, a year-over-year decrease of 0.6 percent.

• Full Market Report 2024 Greater Albuquerque FastStats Annual Report – autogenerated by ShowTime+, a real estate technology platform, using data from the Southwest MLS.
• Green Market Report 2024 Greater Albuquerque Housing Trends Annual Report– compiled by Southwest MLS staff using data from the Southwest MLS to illustrate different aspects of the housing market.