Market Intelligence · NM / Albuquerque

Albuquerque, NM 87104 Housing Market

The typical home value in Albuquerque's 87104 ZIP is $355,748, up 1.2% over the past year as of September 2026. Sellers listed at a median price of $509,950, and homes spent a median of 95 days on the market.

Updated September 2026Median value$356K

The median home value in Albuquerque, NM 87104 is $356K as of September 2026, up 1.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 87104 range

$327K to $384K

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

+1.2% over 12 months

Sep 2025$351K

Low $351KHigh $356K

Sep 2026$356K

The numbers

What is the 87104 housing market like?

As of September 2026

Typical home value

$356K

1.2%YoY

Median list price

$510K

6.3%MoM

Days on market

6.7%MoM

Homes for sale

6.3%MoM

Price cuts

20.3%

41.5%MoM

New listings

33.3%MoM

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

The outlook

87104 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87104 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 87104 rose 1.2%, per the Zillow Home Value Index.

Will home prices drop in 87104?

Zillow's forecast does not call for a drop: it expects typical home values in 87104 to rise 1.8% by September 2027, after a 1.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 87104 home prices compare?

87104$355,748
Albuquerque$352,568
New Mexico$276,177
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Albuquerque: 16 ZIPs; New Mexico: 153 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, the typical home in 87104 was worth $355,748, a gain of 1.2% over the past year. There were 51 homes for sale, with 16 new listings coming on during the period. The median list price stood at $509,950, while homes took a median of 95 days to sell. That pace suggests buyers have time to compare options and negotiate. For a seller, pricing realistically from the start matters more than testing the market with a high number.

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Down payment20% · $71,150

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Common questions

What people ask us.

How much is a home in 87104 worth?

The typical home value in 87104 is $355,748, up 1.2% over the past year as of September 2026.

How long does it take to sell a home in 87104?

Homes in 87104 spent a median of 95 days on the market as of September 2026.

What are homes listed for in 87104?

The median list price in 87104 was $509,950 as of September 2026, with 51 homes for sale and 16 new listings.

Discover

Nearby ZIP markets.

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