Mexico's housing market demonstrates significant regional price variations, with Mexico City emerging as the most expensive area for residential property in 2024. The capital city's average house price of 3.91 million Mexican pesos far exceeds the national average of 1.73 million pesos, highlighting the stark contrast in property values across the country. This disparity reflects broader economic and demographic trends shaping Mexico's real estate landscape. Sustained growth in housing prices The Mexican housing market has experienced substantial growth over the past decade, with home prices more than doubling since 2010. By the third quarter of 2023, the nominal house price index reached 255.54 points, representing a 146 percent increase from the baseline year. Even when adjusted for inflation, the real house price index showed a notable 40 percent growth, underscoring the market's resilience and attractiveness to investors. The mortgage market is dominated by three main player types: Infonavit, Fovissste, and commercial banks including Sofomes. In 2023, Infonavit, a scheme by Mexico's National Housing Fund Institute which provides lending to workers in the formal sector, was responsible for the majority of mortgages granted to individuals. Challenges in mortgage lending Despite the overall growth in housing prices, Mexico's mortgage market has faced challenges in recent years. The number of new mortgage loans granted has declined over the past decade, falling by approximately 200,000 loans between 2008 and 2023. This decrease in lending activity may be attributed to various factors, including economic uncertainties and changing consumer preferences. The state of Mexico, which is home to 13 percent of the country's population, likely plays a significant role in shaping these trends, given its large demographic influence on the national housing market.

In the third quarter of 2023, Mexicans paid on average 1.6 million Mexican pesos to acquire a residential property. Compared to the same period of the previous year, the nominal price increased by nearly 15 percent. Mexico City registered the highest price for this type of property, with an average exceeding three million pesos per residential unit. Housing tenureCompared to renting or borrowing, house ownership is the favored form of housing tenure in Mexico. In 2020, nearly 69 percent of all Mexican households owned their homes, while only 17 percent rented them. Moreover, roughly 87 percent of the owned households in the country were completely paid off, while the remaining households were still in the payment process. Mortgages in MexicoMortgages, or homeownership loans, are debt instruments used by individuals to acquire real estate property, without needing to pay the total cost upfront. Mortgages are universally common and important for Mexico’s residential real estate industry. In 2020, almost 495 thousand mortgage loans were granted in Mexico, which was the lowest amount the country had seen in fifteen years. From the mortgage value granted that year, approximately 50 percent came from private banks.

Mexico Average House Price: Puebla data was reported at 1,155,664.000 MXN in Mar 2019. This records an increase from the previous number of 940,177.000 MXN for Dec 2018. Mexico Average House Price: Puebla data is updated quarterly, averaging 844,101.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 1,155,664.000 MXN in Mar 2019 and a record low of 665,014.000 MXN in Dec 2014. Mexico Average House Price: Puebla data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Graph and download economic data for Real Residential Property Prices for Mexico (QMXR628BIS) from Q1 2005 to Q3 2024 about Mexico, residential, HPI, housing, real, price index, indexes, and price.

Residential Property Prices in Mexico increased 9.19 percent in September of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Mexico Residential Property Prices.

Residential real estate prices in Mexico have been on an upward trend for more than a decade. In the third quarter of 2023, the average house price increased by more than 10 percent annually. Accounting for inflation, the increase was slightly lower, at 5.5 percent. Across the different states, Mexico City was the most expensive location to buy a home.

What Makes Our Data Unique?

Autoscraping’s Mexico Real Estate Listings Data is an invaluable resource for anyone seeking in-depth, reliable, and up-to-date information on the Mexican property market. What sets this dataset apart is its breadth and depth, covering over 150,000 property listings from four of the most reputable real estate platforms in Mexico: Propiedades.com, Lamudi, ValoresAMPI, REMAX, and Century21. These platforms are trusted sources of real estate data, ensuring that our dataset is both comprehensive and of the highest quality.

Our data is distinguished by its extensive detail and accuracy. Each listing includes a wide range of attributes, such as property type, location (including geolocation data with latitude and longitude), pricing, surface area (built and terrain), number of bedrooms and bathrooms, amenities (such as balconies, swimming pools, parking spaces), and much more. The data is continually updated to reflect the latest market conditions, including price changes and property status updates.

Additionally, our dataset captures rich metadata from each listing, including the seller’s information (contact details like phone numbers and emails), publication dates, and URLs linking back to the original listings. This level of detail makes our dataset a powerful tool for conducting granular analysis and making informed decisions.

How is the Data Generally Sourced?

The data is sourced from four of Mexico’s leading real estate platforms: Propiedades.com, Lamudi, ValoresAMPI, REMAX, and Century21. Our robust web scraping technology is designed to extract every relevant detail from these platforms efficiently and accurately. We employ advanced scraping techniques that allow us to capture comprehensive data across all major property types, including residential, commercial, and land listings.

The scraping process is automated and conducted at regular intervals to ensure that the data remains current and reflects real-time changes in the market. Each listing undergoes rigorous data cleaning and validation processes to remove duplicates, correct inconsistencies, and ensure the highest possible data quality. The result is a dataset that users can trust to be accurate, up-to-date, and reflective of the actual market conditions.

Primary Use-Cases and Verticals

This Mexico Real Estate Listings Data Product serves a wide range of use cases across various verticals, making it a versatile resource for professionals in different fields:

Real Estate Investment and Analysis: Investors and analysts can use this dataset to identify profitable investment opportunities by analyzing property prices, market trends, and location-based attributes. The detailed metadata, combined with historical pricing information and geolocation data, provides a solid foundation for making informed investment decisions.

Market Research and Trends Analysis: Researchers and market analysts can leverage this data to track and analyze real estate trends across Mexico. The dataset’s comprehensive coverage allows for detailed segmentation by property type, location, price range, and more, enabling users to gain deep insights into market dynamics and consumer behavior.

Urban Planning and Development: Government bodies, urban planners, and developers can utilize this dataset to assess the current state of the real estate market in various regions of Mexico. The geolocation data is particularly valuable for spatial analysis, helping planners understand urban sprawl, housing density, and infrastructure needs.

Real Estate Marketing and Lead Generation: Real estate agencies, marketers, and brokers can use this data to generate leads and tailor their marketing strategies. The inclusion of contact details, such as phone numbers and emails, makes it easier for these professionals to connect with potential buyers and sellers directly, enhancing their ability to close deals.

Location-Based Services and Applications: Companies that offer location-based services or applications can integrate this data to provide users with precise and relevant property information. The high-precision geolocation data allows for accurate mapping and location analysis, adding significant value to location-based tools and platforms.

How Does This Data Product Fit into Our Broader Data Offering?

AUTOScraping’s Mexico Real Estate Listings Data is a key component of our extensive data offering, which spans multiple industries and geographies. This dataset complements our broader portfolio of real estate data products, including those covering the U.S., Europe, and other Latin American countries. By integrating this dataset with our other offerings, users can gain a comprehensive understanding of the global real estate market, allowing for cross-regional comparisons and insights.

In addition to real estate, our broader data offering includes datasets for financial services, consumer behavior, geospatial analysis, an...

Average House Price: Mexico City data was reported at 3,087,111.000 MXN in Mar 2019. This records an increase from the previous number of 1,479,381.000 MXN for Dec 2018. Average House Price: Mexico City data is updated quarterly, averaging 1,462,320.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 3,087,111.000 MXN in Mar 2019 and a record low of 1,352,679.000 MXN in Dec 2014. Average House Price: Mexico City data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Mexico was forecast to continuously increase between 2024 and 2029 by in total 5.8 billion U.S. dollars (+21.53 percent). After the eleventh consecutive increasing year, the real estate transaction value is estimated to reach 32.75 billion U.S. dollars and therefore a new peak in 2029. Notably, the real estate transaction value of the 'Residential Real Estate Transactions' segment of the real estate market was continuously increasing over the past years.Find further information concerning the real estate transaction value in the real estate market in the Dominican Republic and the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Indonesia. The Statista Market Insights cover a broad range of additional markets.

Mexico Average House Price: Baja California data was reported at 903,598.000 MXN in Mar 2019. This records an increase from the previous number of 720,437.000 MXN for Dec 2018. Mexico Average House Price: Baja California data is updated quarterly, averaging 658,724.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 903,598.000 MXN in Mar 2019 and a record low of 562,050.000 MXN in Dec 2014. Mexico Average House Price: Baja California data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Housing prices in Guadalajara's metropolitan area increased by over 105 percent between 2013 and 2021, going from 7,887 Mexican pesos to 16,185 pesos per square meter in the latter year. During the last 20 years, the population of the Mexican city decreased around 250,000 inhabitants.

Mexico House Price Index: Quintana Roo data was reported at 115.600 2017=100 in Mar 2019. This records an increase from the previous number of 112.500 2017=100 for Dec 2018. Mexico House Price Index: Quintana Roo data is updated quarterly, averaging 77.800 2017=100 from Mar 2005 (Median) to Mar 2019, with 57 observations. The data reached an all-time high of 115.600 2017=100 in Mar 2019 and a record low of 48.900 2017=100 in Mar 2005. Mexico House Price Index: Quintana Roo data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB007: House Price Index: by State: 2017=100.

Mexico Average House Price: Aguascalientes data was reported at 892,205.000 MXN in Mar 2019. This records an increase from the previous number of 752,504.000 MXN for Dec 2018. Mexico Average House Price: Aguascalientes data is updated quarterly, averaging 631,635.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 892,205.000 MXN in Mar 2019 and a record low of 298,223.000 MXN in Dec 2014. Mexico Average House Price: Aguascalientes data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

The Report Covers Mexico's Commercial Real Estate Market Trends & Size, and It is Segmented by Type (office, Retail, Industrial, Logistics, Multi-Family, and Hospitality). The Market Size and Forecasts for Mexico's Commercial Real Estate Market are Provided in Terms of Value (USD) for all the Above Segments.

The Mexican housing market has grown notably since 2010, with home prices more than doubling by 2023. The third quarter of 2023 saw the nominal house price index reach 255.54 index points, implying a growth rate of 146 percent since 2010, the baseline year for the index. Adjusted for inflation, the increase was more modest, with the real house price index amounting to 139.75 index points in 2023, or a growth rate of approximately 40 percent.

In 2024, the Mexico exhibited the highest inflation-adjusted increase in house prices among the countries under observation. In the first quarter of the year, house prices in Mexico grew by nearly five percent in real terms, whereas globally, prices declined by one percent. These figures are based on the development of the real house price index, with 2010 chosen as a baseline year. When looking at the long-term index development, Chile observed the biggest increase in prices in the region.

Housing prices in Monterrey's metropolitan area increased by approximately 36.2 percent between 2013 and 2018, reaching 9,396 Mexican pesos per square meter in the latter year. In comparison, housing prices in Greater Guadalajara increased by over 37.3 percent in the same period.

Mexico House Price Index: MD: Tijuana data was reported at 115.900 2017=100 in Mar 2019. This records an increase from the previous number of 113.200 2017=100 for Dec 2018. Mexico House Price Index: MD: Tijuana data is updated quarterly, averaging 75.800 2017=100 from Mar 2005 (Median) to Mar 2019, with 57 observations. The data reached an all-time high of 115.900 2017=100 in Mar 2019 and a record low of 53.100 2017=100 in Mar 2005. Mexico House Price Index: MD: Tijuana data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB008: House Price Index: by Municipality and Delegation: 2017=100.

In 2023, the Mexico Real Estate Market reached a value of USD 116.8 million, and it is projected to surge to USD 152.7 million by 2030.

Residential Real Estate Mexico Market size was valued at USD 14.88 Billion in 2024 and is projected to reach USD 20.46 Billion by 2032, growing at a CAGR of 4.06% from 2026-2032.

Residential Real Estate Mexico Market: Definition/ Overview

Residential real estate refers to properties used for living purposes, which include single-family homes, condominiums, townhouses, and multi-family units.

These properties are primarily used for residential purposes and are not intended for commercial usage. Residential real estate is used for more than just shelter; it is also a significant financial investment, giving potential for rental income and long-term value appreciation.