Market Intelligence · NM / Albuquerque

Albuquerque, NM 87111 Housing Market

The typical home value in Albuquerque 87111 is $424,959, up 0.7% over the past year. The median list price stands at $489,000, with homes spending a median of 51 days on market.

Updated August 2026Median value$421K

The median home value in Albuquerque, NM 87111 is $421K as of August 2026, up 1.1% 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 87111 range

$388K to $455K

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

Typical home value in 87111 over the last 12 months: $417K in Aug 2025 to $421K in Aug 2026 (+1.1%).

Aug 2025$417K

Aug 2026$421K

The numbers

What is the 87111 housing market like?

Typical home value

$421K

Up1.1%YoY

Median list price

$489K

Down0.2%MoM

Days on market

51

Down5.6%MoM

Homes for sale

135

Up20.5%MoM

Price cuts

27.2%

Up26.4%MoM

New listings

80

Up21.2%MoM

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

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The comparison

How do 87111 home prices compare?

  • 87111$421,432
  • 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

There are 135 homes for sale in this ZIP as of August 2026, with 80 new listings added recently. The median list price is $489,000, and homes are taking a median of 51 days to sell. A notable 27.2% of listings have seen price cuts, which suggests sellers are testing the market carefully. The typical home value gained 0.7% annually, a modest appreciation. If you are thinking about selling, the price-cut activity and moderate pace of sales indicate a balanced market where pricing strategy matters.

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20% · $84,286

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