Albuquerque, NM 87123 Real Estate Market Report

ZIP Code: 87123
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

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.

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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 at 6.25% are 0.38% higher than the 5.87% average seen in February 2026, indicating property owners in this market currently hold more favorable financing terms.

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 the primary indicator of market value and recent transaction activity, but a reliable median sold price is not available in the provided metrics — this likely reflects insufficient closed-sales in the sampled dataset, which makes recent transaction-level pricing harder to benchmark accurately. contextual

2. median listing price $360,000 sits above current transaction visibility while the snapshot indicates elevated inventory relative to sales activity; this suggests seller expectations may be testing the market and neutral market conditions (market temperature: neutral) may prolong negotiations.

3. median days on market 102 points to slower sales velocity and increased pricing friction compared with faster-moving markets; however, price momentum remains positive with a up year-over-year price trend and rent also trending up, which supports modest upside in realized sale prices over time.

4. median market rent $1,149 and median price per square foot 176 indicate rental and per-foot pricing context for investors and owners; interest rate conditions show interest rate pressure moderate and the property rate comparison notes current 30-year fixed mortgage rates at 6.25% are 0.38% higher than the 5.87% average seen in February 2026, which may favor existing owners with older, more favorable financing and slightly dampen new-buyer affordability.

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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.