Albuquerque, NM 87114 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

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

Key Findings

1. median sold price $285,000 is the most reliable indicator of current market value in 87114 and suggests a moderate price level for recent transactions; pairing this with a median days on market 65 may indicate moderate transaction velocity rather than rapid turnover, so price-setting should prioritize realism over stretch listing strategies.
2. There is a meaningful gap between median listing price $435,000 and median sold price $285,000, which appears to reflect seller pricing aspirations above recent transaction levels and may indicate pricing friction; sellers should expect negotiation and buyers should seek verification through comparable solds.
3. Market-level signals show prices up year-over-year while rents are down, with median market rent $1,625 softening; this combination suggests purchase demand is supporting nominal price appreciation even as rental income growth weakens, so investors should underwrite conservatively given declining rent momentum.
4. Interest rate dynamics are a headwind: interest rate pressure is elevated, and when combined with elevated inventory relative to sales activity in the analyzed sample, this suggests sensitivity to financing costs and potential for longer listing periods; lenders and buyers should plan for tighter qualification and stress-test offers accordingly.

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.