Market Intelligence · NM / Albuquerque

Albuquerque, NM 87106 Housing Market

The typical home value in Albuquerque, NM 87106 is $364,902, down 0.3% over the past year as of September 2026. Sellers are listing at a median of $419,450, and homes are taking a median 69 days to sell. That asks sellers to price carefully.

Updated September 2026Median value$365K

The median home value in Albuquerque, NM 87106 is $365K as of September 2026, down 0.3% 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 87106 range

$336K to $394K

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

-0.3% over 12 months

Sep 2025$366K

Low $363KHigh $367K

Sep 2026$365K

The numbers

What is the 87106 housing market like?

As of September 2026

Typical home value

$365K

0.3%YoY

Median list price

$419K

0.7%MoM

Days on market

13.1%MoM

Homes for sale

2.7%MoM

Price cuts

30.2%

68.5%MoM

New listings

14.3%MoM

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

The outlook

87106 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87106 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 87106 fell 0.3%, per the Zillow Home Value Index.

Will home prices drop in 87106?

Zillow's forecast does not call for a drop: it expects typical home values in 87106 to rise 1.5% by September 2027, after a 0.3% decline 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 87106 home prices compare?

87106$364,902
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

There were 71 homes for sale in September 2026, with 24 new listings coming on during the month. The median list price was $419,450, while the typical home value was $364,902, down 0.3% over the past year. A median 69 days on market points to a slower pace, and 30.2% of listings had a price cut. For a seller, realistic pricing matters more than testing the market.

Monthly payment

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Home price

Down payment20% · $72,980

Term

Rate (%)

Common questions

What people ask us.

How much is a home in 87106 worth?

The typical home value is $364,902, down 0.3% over the past year as of September 2026.

How fast are homes selling in 87106?

Homes are taking a median 69 days to sell, with 71 homes for sale as of September 2026.

Are sellers cutting prices in 87106?

Yes. 30.2% of listings had a price cut as of September 2026.

Discover

Nearby ZIP markets.

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