Is Bernalillo, NM 87004 a buyer’s or seller’s market?

The Bernalillo housing market right now

In the three months ending August 31, 2026, 13% of homes in Bernalillo, NM 87004 sold above their list price, the typical home went under contract in 48 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 25 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold more slowly (27 days then) and the median sale price fell 1% to $409,073. Overall, Bernalillo is less competitive than a year ago, which gives buyers more room.

Within Sandoval County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Bernalillo ranks #34 of 51 NM ZIP codes with enough sales (score 32 out of 100).

Nearby, buyers who want less competition could look at Cochiti Lake 87083 (0% sold over asking) or Sandia Park 87047 (0% sold over asking), while Los Alamos 87544 (34% sold over asking) and Corrales 87048 (21% sold over asking) are even more competitive.