Bernalillo County

A local view of the market.

The real estate market in Bernalillo County, New Mexico, has seen a steady increase in home values. As of 2024, the average home value in the county is approximately $334,026, reflecting a 4.1% increase over the past year. Homes in this area typically go to pending status in about 13 days, indicating a relatively active market. Bernalillo County is home to several cities, with Albuquerque being the largest and most populous, boasting a population of approximately 564,888. Other notable areas include South Valley with a population of 39,150, North Valley with 13,331 residents, and Los Ranchos de Albuquerque, which has around 5,885 people. Living in Bernalillo County offers a mix of suburban and rural experiences. The county is a significant economic hub in New Mexico, with industries such as healthcare, education, and technology playing vital roles. The area attracts people due to its affordable living costs compared to other urban centers, and there is a trend of migration from urban to rural areas, driven by the desire for more space and a quieter lifestyle.