Market Intelligence · NM / Albuquerque

Albuquerque, NM 87107 Housing Market

In Albuquerque, NM 87107, the typical home value is $349,387, up 2.5% over the past year as of September 2026. Sellers are listing at a median of $467,471, and homes are taking a median of 87 days to go under contract.

Updated September 2026Median value$349K

The median home value in Albuquerque, NM 87107 is $349K as of September 2026, up 2.5% 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 87107 range

$321K to $377K

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

+2.5% over 12 months

Sep 2025$341K

Low $341KHigh $349K

Sep 2026$349K

The numbers

What is the 87107 housing market like?

As of September 2026

Typical home value

$349K

2.5%YoY

Median list price

$467K

1.1%MoM

Days on market

27.9%MoM

Homes for sale

1.4%MoM

Price cuts

26.8%

3.9%MoM

New listings

25.0%MoM

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

The outlook

87107 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87107 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 87107 rose 2.5%, per the Zillow Home Value Index.

Will home prices drop in 87107?

Zillow's forecast does not call for a drop: it expects typical home values in 87107 to rise 1.7% by September 2027, after a 2.5% 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 87107 home prices compare?

87107$349,387
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, there are 73 homes for sale in 87107, with 30 new listings hitting the market. The typical home value sits at $349,387, up 2.5% over the past year, so values are still rising, though modestly. Buyers have some room to negotiate here: 26.8% of listings have taken a price cut, and homes are spending a median of 87 days on the market. That gap between the $467,471 median list price and actual values suggests some sellers are aiming high. If you price realistically from the start, you are more likely to sell without chasing the market down.

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Common questions

What people ask us.

How much is a home in 87107 worth?

The typical home value in Albuquerque, NM 87107 is $349,387 as of September 2026, up 2.5% over the past year.

How long does it take to sell a home in 87107?

Homes in 87107 spend a median of 87 days on the market as of September 2026. With 73 homes for sale, buyers have a reasonable amount of choice.

Are sellers in 87107 cutting prices?

Yes. As of September 2026, 26.8% of listings in 87107 have had a price cut, even though the median list price is $467,471.

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Nearby ZIP markets.

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