Albuquerque, NM 87123 Real Estate Market Report

ZIP Code: 87123
Report Date: April 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.

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Key Findings

1. median sold price (unavailable) — The median sold price is not present in the provided metrics, and as the primary indicator of realized market value and liquidity this absence limits direct transaction-based valuation; its unavailability suggests reliance on listing-based signals and sampled transaction context to interpret recent market behavior. neutral data coverage.

2. median listing price: $360,000 — The neighborhood's asking-price signal is centered at $360,000; combined with the sampled data showing elevated inventory relative to sales, this suggests potential pricing friction where sellers may need to be responsive to close deals rather than rely on rapid multiple-offer scenarios. balanced to slightly warm.

3. median days on market: 122 — A median days on market of 122 indicates slower sales velocity in the recent sample and may mean negotiation windows are wider and contingencies more likely to be accepted; market activity appears moderate rather than hot, consistent with the reported neutral market temperature.

4. median market rent: $1,626 and median price per square foot: $183 — Rent growth is reported as flat and interest rate pressure is described as moderate, indicating rental income upside is limited near-term and financing costs may temper buyer activity; investors should weigh current rent stability against the pricing level implied by $183 per square foot.

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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.