Why Live in Fairgrounds
Fairgrounds, a suburban neighborhood in Albuquerque, is situated approximately 7 miles east of downtown. This area offers convenient access to shopping, dining, and the University of New Mexico, all while providing scenic views of the Sandia Mountains. The neighborhood is home to over 16,000 residents, including singles, families, and older adults, who appreciate the proximity to malls and major companies like Amazon and Facebook. The local housing market features midcentury ranch- and Pueblo Revival-style homes built between the 1950s and 1985, as well as newer Craftsman-style homes constructed from the early 2010s onward. These homes typically have earth-toned stucco exteriors, flat roofs, and two-car garages, with some properties featuring fenced yards.
Fairgrounds boasts a variety of things to do, including family-friendly events, parks, and dining options. Jerry Cline Park offers soccer fields, tennis courts, and a playground, along with a 1-mile gravel trail. The Downs Racetrack & Casino, located about a mile south, hosts horse races, blackjack, and live entertainment. For dining, Christy Mae’s Restaurant and Humble Coffee Company are popular local spots. The Winrock Town Center shopping mall, 2 miles north, provides additional retail and dining options.
Main thoroughfares like Lomas, Louisiana, and San Mateo Boulevards facilitate easy commutes, with rush hour times averaging 15 minutes. Public transportation is available via Albuquerque RIDE buses, and bike lanes are present along the eastern border. The Presbyterian Kaseman Hospital is 2 miles northeast, and Albuquerque International Sunport is about 7 miles southwest.
Home Trends in Fairgrounds, NM
On average, homes in Fairgrounds, Albuquerque sell after 47 days on the market compared to the national average of 52 days. The median sale price for homes in Fairgrounds, Albuquerque over the last 12 months is $287,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$287,000
Median Single Family Sale Price
$292,000
Median 2 Bedroom Sale Price
$115,000
Average Price Per Sq Ft
$192
Number of Homes for Sale
30
Last 12 months Home Sales
128
Median List Price
$302,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-1%