Market Intelligence · NM / Albuquerque

Albuquerque, NM 87108 Housing Market

The typical home value in Albuquerque 87108 is $286,967, down 1.4% over the past year. The median list price sits at $335,000, with homes lingering on the market for a median of 68 days.

Updated August 2026Median value$285K

The median home value in Albuquerque, NM 87108 is $285K as of August 2026, down 1.2% 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 87108 range

$263K to $308K

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

Typical home value in 87108 over the last 12 months: $289K in Aug 2025 to $285K in Aug 2026 (-1.2%).

Aug 2025$289K

Aug 2026$285K

The numbers

What is the 87108 housing market like?

Typical home value

$285K

Down1.2%YoY

Median list price

$335K

Up5.9%MoM

Days on market

68

Down12.8%MoM

Homes for sale

60

Up39.5%MoM

Price cuts

24.6%

Up15.6%MoM

New listings

28

Up7.7%MoM

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

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The comparison

How do 87108 home prices compare?

  • 87108$285,382
  • 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 60 homes for sale as of August 2026, with 28 new listings hitting the market recently. The median days on market of 68 suggests steady but not brisk activity. A notable concern for sellers: nearly one in four listings, specifically 24.6%, have already seen a price cut. Combined with the 1.4% year-over-year decline in typical home value, this points to a buyer-leaning market where pricing strategy and property condition matter more than they did a year ago.

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20% · $57,076

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