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.

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.

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.

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.

In 2022, about two thirds of all Mexican homes were owner-occupied. Meanwhile, 15 percent of the total 37 million housing units were rented. In 2023, Mexicans paid on average 1.6 million Mexican pesos to acquire residential property.

Mexico Average House Price: Hidalgo data was reported at 771,871.000 MXN in Mar 2019. This records an increase from the previous number of 690,939.000 MXN for Dec 2018. Mexico Average House Price: Hidalgo data is updated quarterly, averaging 608,022.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 771,871.000 MXN in Mar 2019 and a record low of 508,716.000 MXN in Dec 2014. Mexico Average House Price: Hidalgo 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.

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...

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.

In 2022, the average housing unit in Mexico had 3.8 rooms. In Mexico City, this figure was slightly higher, at 4.3 rooms. Guerrero was the state with the smallest number of rooms, with an average of three rooms per housing unit.

Mexico Average House Price: Coahuila data was reported at 735,006.000 MXN in Mar 2019. This records an increase from the previous number of 678,800.000 MXN for Dec 2018. Mexico Average House Price: Coahuila data is updated quarterly, averaging 594,493.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 735,006.000 MXN in Mar 2019 and a record low of 499,968.000 MXN in Dec 2014. Mexico Average House Price: Coahuila 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.

Mexico Average House Price: Oaxaca data was reported at 964,064.000 MXN in Mar 2019. This records an increase from the previous number of 881,303.000 MXN for Dec 2018. Mexico Average House Price: Oaxaca data is updated quarterly, averaging 739,920.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 964,064.000 MXN in Mar 2019 and a record low of 694,949.000 MXN in Jun 2016. Mexico Average House Price: Oaxaca 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.

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.

The average number of occupants of private dwellings in Mexico City declined to 3.32 people in 2020. Therefore, the number in Mexico City saw its lowest number in that year with 3.32 people. Notably, the number is continuously decreasing over the last years.For more insights about the average number of occupants of private dwellings consider different countries: In 2020, in comparison to Mexico City, the number in Sinaloa as well as in Campeche was higher.

Depending on the location, the average price for a two-bedroom apartment in Mexico City could exceed 300,000 U.S. dollars in 2024. In Miguel Hidalgo, the most expensive borough to buy an apartment in Mexico City, the average apartment price was nearly 439,000 U.S. dollars for a two-bedroom apartment, while a three-bedroom apartment cost over 918,000 U.S. dollars. Among the boroughs ranked in the statistic, Coyoacán had the most affordable prices for a one-bedroom apartment, averaging 121,000 U.S. dollars. Overall, Mexico City has the highest average house price per square meter in Mexico.

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 Average House Price data was reported at 1,071,235.000 MXN in Mar 2019. This records an increase from the previous number of 804,752.000 MXN for Dec 2018. Mexico Average House Price data is updated quarterly, averaging 730,167.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 1,071,235.000 MXN in Mar 2019 and a record low of 627,495.000 MXN in Dec 2014. Mexico Average House Price 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.

Mexico Average House Price: Michoacán data was reported at 903,389.000 MXN in Mar 2019. This records an increase from the previous number of 780,054.000 MXN for Dec 2018. Mexico Average House Price: Michoacán data is updated quarterly, averaging 699,955.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 903,389.000 MXN in Mar 2019 and a record low of 588,054.000 MXN in Mar 2015. Mexico Average House Price: Michoacán 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.