Is Albuquerque, NM 87199 a buyer’s or seller’s market?
Albuquerque is a seller’s market. With about 1.1 months of supply and 33% 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, 33% of homes in Albuquerque, NM 87199 sold above their list price, the typical home went under contract in 5 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (13 days then) and the median sale price fell 6% to $276,380. Overall, Albuquerque is more competitive than a year ago, so tougher for buyers.
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Where Albuquerque is
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Questions about Albuquerque real estate
Is Albuquerque a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Albuquerque, NM 87199 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 5 days in the latest three months.
Do homes in Albuquerque sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What is the median home price in Albuquerque?
The median sale price was $276,380 in the three months ending August 31, 2026, about $295 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology