Albuquerque, NM 87106 Real Estate Market Report

ZIP Code: 87106
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Albuquerque are 6.25%, which is 0.26% higher than the 5.99% average observed in early 2026, indicating that property owners who secured loans earlier this year hold a more favorable rate.

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

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Key Findings

1. The neighborhood's primary market indicator is the median sold price, but a recent median sold price value is unavailable in the provided metrics, which may reflect data lags in transaction reporting or a limited sample of recent closed sales—use representative recent sales where available for valuation decisions.

2. Listing-side pricing shows a median listing price of $424,500 alongside a median price per square foot of $208, and with the broader price trend marked as up, this suggests modest price appreciation concentrated in price-per-square-foot rather than large gains in absolute closed prices.

3. Market velocity is slow: the median days on market of 149 indicates slower sales velocity, which, combined with the neutral market temperature, suggests a move toward a more balanced market with pricing friction—sellers should expect longer marketing periods and buyers may extract concessions.

4. Affordability is pressured by financing conditions: interest rate pressure is elevated, and the provided context—"Current 30-year fixed mortgage rates in Albuquerque are 6.25%, which is 0.26% higher than the 5.99% average observed in early 2026, indicating that property owners who secured loans earlier this year hold a more favorable rate."—suggests buyers with recent locked lower rates hold an advantage; price adjustments or incentives may be needed to convert offers.

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Notable Properties

The following 8 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.