Market Intelligence · NM / Albuquerque

Albuquerque, NM 87108 Housing Market

In Albuquerque, NM 87108, the typical home value is $281,979, down 1.1% over the past year as of September 2026. The median list price is $313,500, and homes spend a median of 62 days on the market.

Updated September 2026Median value$282K

The median home value in Albuquerque, NM 87108 is $282K as of September 2026, down 1.1% 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 87108 range

$259K to $305K

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

-1.1% over 12 months

Sep 2025$285K

Low $282KHigh $285K

Sep 2026$282K

The numbers

What is the 87108 housing market like?

As of September 2026

Typical home value

$282K

1.1%YoY

Median list price

$314K

6.4%MoM

Days on market

8.8%MoM

Homes for sale

8.3%MoM

Price cuts

33.3%

35.5%MoM

New listings

57.1%MoM

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

The outlook

87108 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87108 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 87108 fell 1.1%, per the Zillow Home Value Index.

Will home prices drop in 87108?

Zillow's forecast does not call for a drop: it expects typical home values in 87108 to rise 1.8% by September 2027, after a 1.1% 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 87108 home prices compare?

87108$281,979
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, 87108 has 55 homes for sale, with 12 new listings entering the market. The median list price stands at $313,500, and properties take a median of 62 days to sell. The typical home value of $281,979 has declined 1.1% over the past year. One in three listings, or 33.3%, has seen a price cut. Sellers should be prepared for a slower pace and price adjustments in this market.

Monthly payment

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Home price

Down payment20% · $56,396

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Common questions

What people ask us.

How much is a home in 87108 worth?

The typical home value is $281,979, down 1.1% over the past year as of September 2026.

What is the median list price in 87108?

The median list price is $313,500 as of September 2026.

How long does it take to sell a home in 87108?

Homes in 87108 spend a median of 62 days on the market as of September 2026.

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Nearby ZIP markets.

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