Is Albuquerque, NM 87102 a buyer’s or seller’s market?

The Albuquerque housing market right now

In the three months ending August 31, 2026, 7% of homes in Albuquerque, NM 87102 sold above their list price, the typical home went under contract in 70 days and there were 4.8 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 47 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (5% then), homes sold more slowly (38 days then) and the median sale price rose 14% to $284,877. Overall, Albuquerque is less competitive than a year ago, which gives buyers more room.

Within Bernalillo County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in 94%. On our competition score, Albuquerque ranks #41 of 51 NM ZIP codes with enough sales (score 20 out of 100).

Nearby, buyers who want less competition could look at Bosque Farms 87068 (0% sold over asking), while Albuquerque 87105 (30% sold over asking) and Albuquerque 87121 (29% sold over asking) are even more competitive.