Albuquerque, NM 87110 Real Estate Market Report

ZIP Code: 87110
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Albuquerque real estate market in ZIP code 87110 is characterized by a median sold price of $344,000, reflecting a stable market environment. This indicates a consistent demand, as evidenced by the up trend in prices year-over-year. The median days on market stands at 290 days, suggesting a slower sales velocity, which may indicate a need for sellers to adjust expectations in alignment with buyer sentiment. With elevated inventory levels relative to sales activity, the market appears to be experiencing some pricing friction, although demand remains robust in desirable areas.

Despite the median listing price of $345,450, which is slightly above the sold price, the market temperature is currently neutral. This suggests that while there is some competition among listings, the overall balance between supply and demand is stable. The median market rent is recorded at $1,730, indicating a slight decrease, which may reflect broader economic conditions affecting rental demand. Overall, while the market shows signs of stability, there are indications of a cautious approach from buyers, necessitating strategic pricing from sellers.

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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, NM are averaging 6.38%, which is 0.3% higher than the 6.67% average from March 2025.

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 median sold price is $344,000, indicating stable market value and consistent demand.

2. The median days on market of 290 days suggests a slower sales velocity, which may require sellers to adjust their pricing strategies.

3. There is elevated inventory relative to sales activity, indicating potential pricing friction in the market.

4. The median listing price of $345,450 is slightly higher than the sold price, suggesting a need for sellers to align expectations with buyer sentiment.

5. The median market rent has decreased to $1,730, which may reflect changing economic conditions affecting rental demand.

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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.