Albuquerque, NM 87120 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. median sold price (the primary indicator of market value and recent transaction activity) is not available in the provided metrics, so a transaction-based central price point cannot be stated from this dataset; this absence limits direct sale-price comparisons to listing-side signals. data unavailable
2. median listing price is 465,000 and, together with a median price per square foot of 219, suggests current seller pricing expectations; without a reported median sold price, this listing-side snapshot may not fully reflect recent completed transactions and pricing friction may exist.
3. Market liquidity appears muted: the sample shows elevated inventory relative to sales alongside a median days on market of 121, which may indicate slower sales velocity and a move toward a more balanced market rather than acute scarcity or heat.
4. Interest-rate dynamics are an important headwind: the metrics show interest rate pressure is elevated, with current 30-year fixed mortgage rates at 6.375% compared to a 5.99% average observed in early 2026; higher financing costs may temper buyer willingness and prolong listing lifecycles.
5. median market rent is 1,636 and rent year-over-year trend is up, which provides a supportive income signal for SFR/condo owners and may partially offset price pressure from higher financing costs, though this does not replace missing transaction-level sold-price data.

Notable Properties

The following 1 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.