Is Albuquerque, NM 87121 a buyer’s or seller’s market?

The Albuquerque housing market right now

In the three months ending August 31, 2026, 29% of homes in Albuquerque, NM 87121 sold above their list price, the typical home went under contract in 24 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 145 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (29 days then) and the median sale price rose 3% to $304,868. Overall, Albuquerque is about as competitive as it was a year ago.

Within Bernalillo County, homes here sell faster than in 94% of the county’s ZIP codes, and sell more often over asking than in 94%. On our competition score, Albuquerque ranks #4 of 51 NM ZIP codes with enough sales (score 71 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).