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Albuquerque, NM 87111 Real Estate Market Report

ZIP Code: 87111
Report Date: April 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.


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.

Analysis Window
12 Months
Total Properties Analyzed
26
Active Listings
22
Sold Properties
4

Market Metrics

Median Listing Price
$474,000
Median Sold Price
$366,500
Median Price per Sqft
$247/sqft

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.


Rental Market

Median Market Rent
$2,030
Rent Range
$1,430 - $2,440

Property Taxes

Property Tax Rate
0.88%

Liquidity & Velocity

Median Days on Market
154

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

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
flat
Interest Rate Pressure
moderate

Key Findings

  1. median sold price is not provided in the supplied metrics; this primary indicator of realized market value appears unavailable in the dataset, which may reflect a small recent sales sample or reporting lag rather than absence of transaction activity.

  2. median listing price: $474,000 — paired with a long median days on market: 154, this suggests slower sales velocity and potential pricing friction; sellers and agents should be prepared for longer listing periods and consider targeted pricing or marketing to accelerate transactions. moderate

  3. price year-over-year trend: up combined with a neutral market temperature indicates measured appreciation within a broadly balanced market; expect selective seller advantage on well-priced, move-in-ready SFR and condominium offerings rather than across-the-board price gains.

  4. median market rent: $2,030 and a rent year-over-year trend: flat alongside interest rate pressure: moderate imply rental income stability but financing headwinds for leveraged buyers; investors should factor in financing cost sensitivity and prioritize properties with clear value-add or cashflow resilience rather than relying on rapid rent growth. moderate


Notable Properties

The following 7 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.

Recent Transactions

8501 Snakedance Ct Ne, Albuquerque, NM 87111
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

5 beds
5 baths
7,145 sqft
$2,835,000
Apr 1, 2025
$397/sqft/sqft
4707 Huntington Dr Ne, Albuquerque, NM 87111
Market Benchmark

Sold at market average

3 beds
2 baths
2,217 sqft
$533,000
Nov 1, 2025
$240/sqft/sqft
4707 Huntington Dr Ne, Albuquerque, NM 87111
Market Benchmark

Sold at market average

3 beds
2 baths
2,217 sqft
$533,000
Nov 1, 2025
$240/sqft/sqft
3112 Candlelight Dr Ne, Albuquerque, NM 87111
Quick Flip

Sold below market average

2 beds
1 baths
1,018 sqft
$200,000
Sep 1, 2025
$196/sqft/sqft
329 days on market
3112 Candlelight Dr Ne, Albuquerque, NM 87111
Quick Flip

Sold below market average

2 beds
1 baths
1,018 sqft
$200,000
Sep 1, 2025
$196/sqft/sqft
329 days on market
4105 Parsifal St Ne, Albuquerque, NM 87111
Quick Flip

Sold below market average

2 beds
2 baths
1,580 sqft
$164,000
Nov 1, 2025
$104/sqft/sqft
4105 Parsifal St Ne, Albuquerque, NM 87111
Quick Flip

Sold below market average

2 beds
2 baths
1,580 sqft
$164,000
Nov 1, 2025
$104/sqft/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$199/mo
Avg Rent
Cost to Own
Rent$2,030
Own$2,229

20% down, 6.5% rate, 0.9% tax

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 4/16/2026

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