Market Intelligence · NM / Albuquerque

Albuquerque, NM 87121 Housing Market

The typical home value in Albuquerque 87121 is $292,780, up 2.4% over the past year. The median list price sits at $330,000, with homes spending a median of 47 days on market.

Updated August 2026Median value$291K

The median home value in Albuquerque, NM 87121 is $291K as of August 2026, up 2.6% 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 87121 range

$268K to $314K

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

+2.6% over 12 months

Typical home value in 87121 over the last 12 months: $284K in Aug 2025 to $291K in Aug 2026 (+2.6%).

Aug 2025$284K

Aug 2026$291K

The numbers

What is the 87121 housing market like?

Typical home value

$291K

Up2.6%YoY

Median list price

$330K

Up0.4%MoM

Days on market

47

Down11.3%MoM

Homes for sale

70

Up25.0%MoM

Price cuts

17.5%

Up24.6%MoM

New listings

52

Up8.3%MoM

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

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The comparison

How do 87121 home prices compare?

  • 87121$291,090
  • 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

Albuquerque 87121 has 70 homes for sale as of August 2026, with 52 new listings entering the market recently. The median days on market of 47 suggests moderate buyer interest, though the market is not moving quickly. About 17.5% of listings have seen a price cut, which indicates some sellers are adjusting expectations. The gap between typical home value and median list price reflects the range of properties available. For sellers, this data suggests a balanced market where pricing strategy matters.

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