Market Intelligence · NM / Albuquerque

Albuquerque, NM 87104 Housing Market

In Albuquerque 87104, the typical home value is $357,593, up 0.6% over the past year. The median list price stands at $544,450, with homes taking a median 89 days on market.

Updated August 2026Median value$357K

The median home value in Albuquerque, NM 87104 is $357K as of August 2026, up 0.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 87104 range

$329K to $386K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.9% over 12 months

Typical home value in 87104 over the last 12 months: $354K in Aug 2025 to $357K in Aug 2026 (+0.9%).

Aug 2025$354K

Aug 2026$357K

The numbers

What is the 87104 housing market like?

Typical home value

$357K

Up0.9%YoY

Median list price

$544K

Up10.9%MoM

Days on market

89

Up7.2%MoM

Homes for sale

48

Flat0.0%MoM

Price cuts

34.8%

Up26.1%MoM

New listings

12

Up20.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 87104 home prices compare?

  • 87104$357,293
  • Albuquerque$354,361
  • New Mexico$282,082
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Albuquerque: 16 ZIPs; New Mexico: 153 ZIPs; United States: 26,265 ZIPs).

Context

The ZIP has 48 homes for sale as of August 2026, with 12 new listings entering the market recently. Nearly 35% of listings carry a price cut, suggesting sellers are adjusting expectations in a slower-moving market. Homes are spending close to three months on market before sale. For someone considering selling, the slight annual appreciation combined with the prevalence of price reductions signals a balanced market where pricing discipline matters.

Monthly payment

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20% · $71,459

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