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All market snapshots / 87111

Albuquerque, NM 87111 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Albuquerque, NM inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 6363PendingPending sales: 33
Albuquerque, NM: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $475k$475kSoldMedian sold price (last 6 months): $450k$450k
What homes actually sell for in Albuquerque, NM
Distribution of 338 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $360k to $675k
$250k to $364k: 75 sales$250k$364k to $478k: 103 sales103sales$478k to $591k: 39 sales$478k$591k to $705k: 35 sales$705k to $819k: 24 sales$705k$819k to $932k: 19 sales$932k to $1.05M: 6 sales$932k$1.05M to $1.16M: 5 salesMedian $450k

What the numbers say

As of October 5, 2026, Resideline is tracking 63 active listings and 3 pending sales in ZIP code 87111. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $475,000, while the median of the 338 closed sales Resideline tracked over the last six months was $449,500. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 87111 for 66 days.

Frequently asked questions

What is the median home price in 87111?

The median closed sale price in Albuquerque, NM 87111 was $449,500 over the last six months, based on 338 closed sales tracked by Resideline. The middle half of those sales ranged from $359,900 to $675,000.

Is 87111 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 63 active listings in 87111, a pending-to-active ratio of 0.05. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 87111 currently looks like a balanced market.

Nearby ZIP code market data

Full Albuquerque, NM housing market report →

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