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Market Intelligence · NM / Albuquerque

Albuquerque, NM 87109 Housing Market

The typical home in Albuquerque's 87109 ZIP code is worth $377,722, up 1.2% over the past year as of September 2026. The median list price sits at $397,400, and homes are spending a median of 57 days on the market.

Updated September 2026Median value$378K

The median home value in Albuquerque, NM 87109 is $378K 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 87109 range

$348K to $408K

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 87109 over the last 12 months: $373K in Sep 2025 to $378K in Sep 2026 (+1.2%).

Sep 2025$373K

Sep 2026$378K

The numbers

What is the 87109 housing market like?

Typical home value

$378K

Up1.2%YoY

Median list price

$397K

Up4.6%MoM

Days on market

57

Down5.0%MoM

Homes for sale

69

Down2.8%MoM

Price cuts

30.4%

Down5.5%MoM

New listings

34

Up6.3%MoM

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

The outlook

87109 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87109 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 87109 rose 1.2%, per the Zillow Home Value Index.

Will home prices drop in 87109?

Zillow's forecast does not call for a drop: it expects typical home values in 87109 to rise 1.6% 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 87109 home prices compare?

  • 87109$377,722
  • 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

Sellers in 87109 listed 34 new homes in September 2026, bringing total inventory to 69 homes for sale. Buyers have some room to negotiate, since 30.4% of listings have taken a price cut. At the same time, typical values are still rising, up 1.2% over the past year to $377,722. Homes are taking a median of 57 days to sell, so this is not a fast market. For a seller, the honest read is that pricing realistically from day one matters more than it did when homes moved quickly.

Monthly payment

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20% · $75,544

Common questions

What people ask us.

How much is a home in 87109 worth?

The typical home in 87109 is worth $377,722 as of September 2026, up 1.2% over the past year. The median list price is $397,400.

How long does it take to sell a home in 87109?

Homes in 87109 spend a median of 57 days on the market as of September 2026.

Are sellers cutting prices in 87109?

Yes. As of September 2026, 30.4% of listings in 87109 have had a price cut, out of 69 homes currently for sale.

Discover

Nearby ZIP markets.

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