Market Intelligence · NM / Albuquerque

Albuquerque, NM 87111 Housing Market

The typical home value in Albuquerque's 87111 ZIP code is $417,010, up 1.3% over the past year as of September 2026. The median list price is $473,750, and homes are spending a median of 58 days on market.

Updated September 2026Median value$417K

The median home value in Albuquerque, NM 87111 is $417K as of September 2026, up 1.3% 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 87111 range

$384K to $450K

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

+1.3% over 12 months

Sep 2025$412K

Low $412KHigh $417K

Sep 2026$417K

The numbers

What is the 87111 housing market like?

As of September 2026

Typical home value

$417K

1.3%YoY

Median list price

$474K

3.1%MoM

Days on market

13.7%MoM

Homes for sale

138

2.2%MoM

Price cuts

37.5%

37.8%MoM

New listings

42.5%MoM

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

The outlook

87111 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87111 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 87111 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 87111?

Zillow's forecast does not call for a drop: it expects typical home values in 87111 to rise 1.4% by September 2027, after a 1.3% 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 87111 home prices compare?

87111$417,010
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 were 138 homes for sale in 87111, with 46 new listings coming on the market. Homes are taking a median of 58 days to sell, which gives buyers time to compare options. More than a third of listings, 37.5%, have had a price cut, while typical values are up only 1.3% over the past year. For a seller, pricing realistically from the start matters more than testing the top of the market.

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Down payment20% · $83,402

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Common questions

What people ask us.

How much is a home in 87111 worth?

The typical home value in 87111 is $417,010, up 1.3% over the past year as of September 2026. The median list price is $473,750.

How long do homes take to sell in 87111?

Homes are spending a median of 58 days on market as of September 2026.

Are sellers cutting prices in 87111?

Yes. As of September 2026, 37.5% of listings in 87111 had a price cut.

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Nearby ZIP markets.

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