Albuquerque, NM 87120 Real Estate Market Report

ZIP Code: 87120
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 87120 are averaging 6.25%, reflecting the broader market volatility seen throughout 2026.

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. median sold price is not available in the provided metrics; this may be because recent closed-transaction data for the sampled period is limited or not included in the dataset, so use listing-based and trend indicators cautiously when assessing realized market value. data gap

2. median listing price is $469,000 while median days on market is 116, which suggests pricing friction and slower sales velocity; together with the sampled elevated inventory relative to sales, these signals may indicate increased negotiation leverage for buyers and longer marketing windows for sellers. slower sales velocity

3. median market rent is $1,695 and the rent year-over-year trend is down, indicating modest rental softening; investors should treat rental income projections conservatively and validate demand before underwriting. down

4. Current 30-year fixed mortgage rates in Albuquerque 87120 are averaging 6.25% and interest rate pressure is elevated; with market temperature listed as neutral, financing costs are likely constraining some buyer activity and contributing to the observed slower transaction velocity. elevated

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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.