Is Albuquerque, NM 87187 a buyer’s or seller’s market?
Albuquerque is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Albuquerque housing market right now
In the three months ending August 31, 2026, 0% of homes in Albuquerque, NM 87187 sold above their list price, the typical home went under contract in 18 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Run the numbers for 87187
Where Albuquerque is
Loading map…
Questions about Albuquerque real estate
Is Albuquerque a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Albuquerque, NM 87187 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Albuquerque?
The typical home went under contract in 18 days in the latest three months.
Do homes in Albuquerque sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What is the median home price in Albuquerque?
The median sale price was $1,274,449 in the three months ending August 31, 2026, about $397 per square foot.
Local agents
See all agents in 87187 →No sponsored agents in 87187 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 87187
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology