Albuquerque, NM 87107 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. median sold price is not available in the provided dataset, which means primary transaction-level market value cannot be directly confirmed from these metrics; this absence likely reflects that the snapshot focused on active/listing-level data rather than finalized sales records for the sample.
2. median listing price $399,900 combined with median price per square foot 267 and a year-over-year price trend of up suggests asking prices remain elevated relative to longer-term norms, but without a reported median sold price this may indicate a widening gap between seller expectations and realized transactions.
3. median days on market 69 alongside a market temperature described as neutral points to slower sales velocity and more buyer negotiating leverage than during rapid-market conditions; this appears consistent with a market moving toward stabilization rather than rapid appreciation.
4. median market rent $1,000 and a rent year-over-year trend of flat indicate rental growth is not currently driving price acceleration, while current 30-year fixed mortgage rates 7.18% and elevated interest rate pressure highlighted as elevated are likely constraining buyer purchasing power and overall demand.

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.