Albuquerque, NM 87105 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market value indicator is the median sold price 285,000, which reflects recent transaction benchmarks and should be the baseline for pricing and appraisal discussions given the market temperature is neutral and the price year-over-year trend is up.
2. A notable gap between the median listing price 319,950 and the median sold price 285,000 suggests pricing friction where seller expectations exceed realized sale levels; this relationship appears to create negotiation room and may require sellers to align asking prices more closely with comparable sold transactions to reduce time on market.
3. The market is showing slower sales velocity, evidenced by a median days on market of 271, which points to the need for proactive marketing, staged pricing, or incentive strategies to shorten listing exposure and convert interest into contracts; this duration should be treated as a representative recent sale timeline rather than an absolute liquidity metric.
4. Rental and financing context: the median market rent is 925 with rent year-over-year trend flat, and interest rate pressure is elevated with current 30-year fixed mortgage rates around 6.63%—investors should factor static rents and higher financing costs into underwriting and hold strategies.

Notable Properties

The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.