Market Intelligence · NM / Albuquerque

Albuquerque, NM 87120 Housing Market

The typical home in Albuquerque's 87120 ZIP code is worth $363,606, up 1.3% over the past year. The median list price sits at $460,500, and homes are taking a median of 49 days on market as of June 2026.

Updated June 2026Median value$364K

The median home value in Albuquerque, NM 87120 is $364K as of June 2026, up 1.3% 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 87120 range

$335K to $393K

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

Typical home value in 87120 over the last 12 months: $359K in Jun 2025 to $364K in Jun 2026 (+1.3%).

Jun 2025$359K

Jun 2026$364K

The numbers

What is the 87120 housing market like?

Typical home value

$364K

Up1.3%YoY

Median list price

$461K

Days on market

49

Homes for sale

117

Price cuts

18.6%

New listings

80

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 87120 home prices compare?

  • 87120$363,606
  • Albuquerque$358,172
  • New Mexico$279,729
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Albuquerque: 16 ZIPs; New Mexico: 154 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there are 117 homes for sale in 87120, with 80 new listings coming onto the market. The median list price is $460,500, while the typical home value is $363,606, up 1.3% over the past year. Homes are spending a median of 49 days on market. About 18.6% of listings have had a price cut. If you are considering selling, expect a market where buyers have choices and where pricing carefully matters.

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