Is Albuquerque, NM 87104 a buyer’s or seller’s market?

The Albuquerque housing market right now

In the three months ending August 31, 2026, 23% of homes in Albuquerque, NM 87104 sold above their list price, the typical home went under contract in 38 days and there were 4.4 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 41 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (23% then), homes sold faster (41 days then) and the median sale price fell 15% to $364,842. Overall, Albuquerque is about as competitive as it was a year ago.

Within Bernalillo County, homes here sell more slowly than in 61% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Albuquerque ranks #22 of 51 NM ZIP codes with enough sales (score 47 out of 100).

Nearby, buyers who want less competition could look at Bosque Farms 87068 (0% sold over asking) or Albuquerque 87102 (7% sold over asking), while Albuquerque 87105 (30% sold over asking) and Albuquerque 87121 (29% sold over asking) are even more competitive.