Over the last 12 months, 143 homes sold in Near South Vly (Albuquerque, NM) at a median price of $240,000. Of those closings, 50% sold under asking, 34% at asking and 16% over asking — based on SWMLS MLS closed-sale data through November 1, 2026. Homes went under contract in a median of 14 days in this window. At 4.4 months of inventory, supply and demand are roughly balanced (6 months is the classic equilibrium benchmark).
Near South Vly (Albuquerque) Market Snapshot — subdivision-level data
| Metric | Value |
|---|---|
| Geographic bin | Near South Vly (Albuquerque), NM — subdivision/neighborhood level |
| Data source board(s) | SWMLS |
| Homes sold, last 12 months | 143 |
| Median sale price, last 12 months | $240,000 |
| Median sold $/sqft, last 12 months | $186/sqft |
| Sold under / at / over asking (final list, 12 mo) | 50% / 34% / 16% |
| % of final asking price received (median, 12 mo) | 99.5% |
| Median days on market, sold homes (12 mo) | 14 days |
| Homes sold, last 90 days | 26 |
| Median sale price, last 90 days | $246,550 |
| Months of inventory (true absorption) | 4.4 months |
| Active listings (inventory) | 38 |
| Median active list price | $314,950 |
| Pending sales | 11 |
Sales by Price Band (last 12 months)
| Price band | Closed sales |
|---|---|
| Under $400K | 132 sales (92%) |
| $400K–$700K | 11 sales (8%) |
| $700K–$1M | 0 sales (0%) |
| $1M–$2M | 0 sales (0%) |
| Over $2M | 0 sales (0%) |
Frequently Asked Questions
Are homes selling over or under asking price in Near South Vly, NM?
Over the trailing 12 months in Near South Vly (Albuquerque) (SWMLS MLS data, closed-sale data), 50% sold under asking, 34% at asking and 16% over asking on final list price, among 143 closed sales. Data through November 1, 2026; New Mexico is a non-disclosure state, so only aggregate closed-sale statistics are published, never individual sale prices.
How fast do homes sell in Near South Vly, NM?
Homes that closed in Near South Vly (Albuquerque) over the last 12 months went under contract in a median of 14 days (SWMLS MLS data). At 4.4 months of inventory, supply and demand are roughly balanced (6 months is the classic equilibrium benchmark).
Do sellers get full price in Near South Vly, NM?
Among 143 homes that closed in Near South Vly (Albuquerque) over the last 12 months (SWMLS MLS data), 16% sold over asking (while 50% sold under) on final list price. Sellers' median result was 99.5% of final asking price.
What price range sells most in Near South Vly, NM?
Of the 143 homes that closed in Near South Vly (Albuquerque) over the last 12 months, the Under $400K price band led with 132 sales (92%) of closed sales (SWMLS MLS data, trailing 12 months).
Related Market Reports
- Albuquerque NM Real Estate Market Report — November 2026
- Sandia Heights (Albuquerque) Market Report — November 2026
- Four Hills (Albuquerque) Market Report — November 2026
- Northeast Heights (Albuquerque) Market Report — November 2026
Data source & methodology: Closed-sale and active-listing statistics computed from board-direct SWMLS MLS records for Near South Vly (Albuquerque), New Mexico, subdivision/neighborhood-level geographic bin (SWMLS `mls_area` proxy — flexmls does not yet expose a subdivision field for Albuquerque-metro records), snapshot November 1, 2026. New Mexico is a non-disclosure state: only aggregate sold statistics (medians, counts, ratios, days on market) are published here — never an individual sale price. Statistics below a floor of 20 sold records in the trailing 12-month window, or under 5% of subdivision inventory, are suppressed rather than estimated (this subdivision cleared that floor). This subdivision is on the SWMLS/flexmls (Albuquerque-metro) board, which does not expose an Original List Price field in the data grid, so the headline pricing metric here is the under/at/over-final-asking-price split rather than percent of original asking price. Prepared by Matthew Scarborough — Scarborough Realty Group, Keller Williams Santa Fe.