More choice is showing up in part of Bernalillo County
The biggest shift in Bernalillo County right now is in 87104. The Real Estate Data Aggregator counted 58 homes for sale there in the three months ending August 31, 2026. That is up 45% from the same months a year before. More supply usually means buyers have more room to negotiate, and sellers need to price carefully from the start.
That extra supply came with a price drop. The Real Estate Data Aggregator put the median sale price in 87104 at $365,000 for the period. That is down 15.1% from a year before. Not every home sold slowly, though. The median days on market was 38 days, actually 3 days shorter than a year ago.
Realtor.com reported that 20.8% of listings nationally had price cuts in September, the highest share since October 2022. That is the backdrop for what is happening in 87104. Sellers here are not alone in feeling pressure to adjust.
Rates are adding to the challenge for buyers. Realtor.com reported mortgage rates surged above 7% for the first time since January 2025. Fannie Mae, as reported by CNBC, forecast the average 30-year fixed rate at 7.4% for the fourth quarter of 2026 and 7.5% for all of 2027. Higher rates shrink what buyers can afford, which puts more weight on the seller's price.
The rest of the county looks different
Not every ZIP code in Bernalillo County is seeing the same thing. The Real Estate Data Aggregator shows 87102 and 87106 each telling a different story over the same period.
| 87102 | 87104 | 87106 | |
|---|---|---|---|
| Median sale price | $285,000 | $365,000 | $425,000 |
| Price change, year over year | +14% | -15.1% | +11.8% |
| Homes for sale | 78 | 58 | 97 |
| Median days on market | 70 | 38 | 56 |
| Sale to list price | 98.1% | 98.7% | 98.5% |
In 87102, the Real Estate Data Aggregator counted 46 homes sold. The median sale price was $285,000, up 14% year over year. Pending sales jumped 25.5%, a sign that demand is still moving there.
In 87106, the Real Estate Data Aggregator counted 87 homes sold. The median sale price was $425,000, up 11.8%. Homes for sale there actually fell 26.5% year over year, so buyers have fewer options in that ZIP.
The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. That national gain shows the broader market is still moving up, even as parts of Bernalillo County soften.
What this means for you
If you are selling in 87104, the data says price it right from day one. The Real Estate Data Aggregator shows homes there still sold at 98.7% of list price on average. That means overpricing is the main risk, not demand itself.
If you are buying in 87104, you have more homes to look at than buyers did a year ago. The Real Estate Data Aggregator counted 43 pending sales there, up 4.9% year over year. Other buyers are still active, so more choice does not mean no competition.
- ZIP 87104 has more homes for sale and a lower median price than a year ago.
- ZIPs 87102 and 87106 are moving differently.
- One street can read very differently from the whole ZIP code, and one ZIP can read very differently from the next one over.
Your next step
(505) 675-0000Text me your address and I will send back where your Bernalillo County home sits against what actually sold near you in the three months ending August 31, 2026. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 87102, 87104, 87106, 87184 and 87187, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years, Oct 15, 2026
- CNBC: Fannie Mae sharply raises mortgage rate forecast for 2027, Oct 14, 2026
- CNBC: Thousands of homeowners face adjustable-rate mortgage resets — and much higher payments, Oct 13, 2026
- No Real Estate Data Aggregator numbers for 87103, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87119, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87125, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87131, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87153, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87154, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87158, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87165, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87174, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87176, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87181, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87185, so this part is from websites alone.
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- No Real Estate Data Aggregator numbers for 87197, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 87198, so this part is from websites alone.