Market Intelligence · NM / Albuquerque

Albuquerque, NM 87114 Housing Market

The typical home value in Albuquerque, NM 87114 is $374,661, up 1.6% over the past year as of September 2026. The median list price stands at $397,050, and homes are taking a median of 51 days to sell.

Updated September 2026Median value$375K

The median home value in Albuquerque, NM 87114 is $375K as of September 2026, up 1.6% 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 87114 range

$345K to $405K

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

+1.6% over 12 months

Sep 2025$369K

Low $369KHigh $375K

Sep 2026$375K

The numbers

What is the 87114 housing market like?

As of September 2026

Typical home value

$375K

1.6%YoY

Median list price

$397K

2.6%MoM

Days on market

3.8%MoM

Homes for sale

129

11.2%MoM

Price cuts

22.8%

10.5%MoM

New listings

11.1%MoM

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

The outlook

87114 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87114 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 87114 rose 1.6%, per the Zillow Home Value Index.

Will home prices drop in 87114?

Zillow's forecast does not call for a drop: it expects typical home values in 87114 to rise 1.6% by September 2027, after a 1.6% 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 87114 home prices compare?

87114$374,661
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

There are 129 homes for sale in 87114 as of September 2026, with 80 new listings hitting the market. The median list price is $397,050, above the typical home value of $374,661. Sellers are waiting a median of 51 days for a sale, and 22.8% of listings have taken a price cut. Values are still rising modestly, up 1.6% over the past year. For a seller, this means pricing close to what the data supports matters more than aiming high.

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Down payment20% · $74,932

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Common questions

What people ask us.

How much is a home in 87114 worth?

The typical home value in 87114 is $374,661 as of September 2026, up 1.6% over the past year.

How long does it take to sell a home in 87114?

Homes in 87114 are spending a median of 51 days on the market as of September 2026.

Are sellers cutting prices in 87114?

Yes, 22.8% of listings in 87114 had a price cut as of September 2026, even though typical values rose 1.6% over the past year.

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