Albuquerque, NM 87114 Real Estate Market Report

ZIP Code: 87114
Report Date: May 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.

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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 87114 are averaging 6.25%, reflecting the broader 2026 market trend where rates have remained elevated above 6% throughout the year.

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 not available in the provided metrics, which may reflect limited closed-transaction reporting or a sample that emphasizes active listings; without a reported median sold price, transaction-based valuation and recent sold-price momentum should be treated with caution. balanced market

2. The median listing price is $497,500 alongside a median days on market of 88, which suggests slower sales velocity and potential pricing friction; given the market temperature is neutral, this combination appears to indicate a transition toward a more balanced market rather than a rapid seller-driven appreciation. neutral

3. The median price per square foot is $214 while the median market rent is $1,630; price year-over-year trend is up and rent year-over-year trend is down, signaling a divergence between sales-price appreciation and softening rental momentum that may affect investor yield expectations.

4. Interest-rate conditions show interest rate pressure is moderate and Current 30-year fixed mortgage rates in Albuquerque, NM 87114 are averaging 6.25%, which may constrain some buyer budgets and contribute to the observed slower transaction velocity; this aligns with a neutral market temperature and suggests buyer-seller negotiations will remain important. moderate

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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.