Albuquerque, NM 87111 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 median sold price 316,500 is the primary indicator of current market value and suggests transactions are completing below the median listing price, implying a gap between seller expectations and recent sale outcomes; this gap, alongside neutral market temperature, points to a balanced market with modest buyer negotiation room.
2. The median days on market 111 indicates slower sales velocity relative to faster-turning markets and may signal pricing friction or a need for stronger positioning to attract buyers; sellers should expect longer exposure and consider targeted pricing or staging to improve competitiveness.
3. The median listing price 482,000 versus the median sold price highlights a meaningful listing-to-sale price dispersion that may reflect elevated inventory relative to sales activity and more realistic seller pricing over time; agents should emphasize recent comparable sold transactions when advising sellers.
4. Macro pressure is a headwind: interest rate pressure is elevated with property rate comparison showing 30-year fixed rates near 6.6% as of June 2026, and rent performance is weakening (rent year-over-year trend down), which together may reduce buyer purchasing power and limit investor appetite in the near term.

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.