Is Albuquerque, NM 87123 a buyer’s or seller’s market?

The Albuquerque housing market right now

In the three months ending August 31, 2026, 21% of homes in Albuquerque, NM 87123 sold above their list price, the typical home went under contract in 27 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 140 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold faster (31 days then) and the median sale price rose 3% to $348,849. Overall, Albuquerque is more competitive than a year ago, so tougher for buyers.

Within Bernalillo County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Albuquerque ranks #7 of 51 NM ZIP codes with enough sales (score 63 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.