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Market Intelligence · NM / Albuquerque

Albuquerque, NM 87120 Housing Market

The typical home value in Albuquerque's 87120 ZIP code is $358,654, up 1.5% over the past year as of September 2026. The median list price sits at $444,975, and homes are spending a median of 57 days on the market.

Updated September 2026Median value$359K

The median home value in Albuquerque, NM 87120 is $359K as of September 2026, up 1.5% 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 87120 range

$330K to $387K

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

+1.5% over 12 months

Typical home value in 87120 over the last 12 months: $353K in Sep 2025 to $359K in Sep 2026 (+1.5%).

Sep 2025$353K

Sep 2026$359K

The numbers

What is the 87120 housing market like?

Typical home value

$359K

Up1.5%YoY

Median list price

$445K

Down2.9%MoM

Days on market

57

Up5.6%MoM

Homes for sale

166

Up4.4%MoM

Price cuts

21.6%

Down23.6%MoM

New listings

76

Down5.0%MoM

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

The outlook

87120 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87120 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 87120 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 87120?

Zillow's forecast does not call for a drop: it expects typical home values in 87120 to rise 1.6% by September 2027, after a 1.5% 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 87120 home prices compare?

  • 87120$358,654
  • 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 are 166 homes for sale in 87120, with 76 new listings coming on. The typical home value is $358,654, up 1.5% over the past year, which points to modest appreciation rather than a fast run-up. The median list price is $444,975, and the median days on market is 57, so buyers have some time to decide. About 21.6% of listings have taken a price cut, a sign that some sellers are starting too high. For a seller here, pricing realistically from day one matters more than testing the market.

Monthly payment

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20% · $71,731

Common questions

What people ask us.

How much is a home in 87120 worth?

The typical home value in 87120 is $358,654 as of September 2026, up 1.5% over the past year.

How long does it take to sell a home in 87120?

Homes in 87120 are spending a median of 57 days on the market as of September 2026.

Are sellers cutting prices in 87120?

Yes. About 21.6% of listings in 87120 had a price cut as of September 2026, out of 166 homes for sale.

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