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Market Intelligence · NM / Albuquerque

Albuquerque, NM 87121 Housing Market

The typical home value in Albuquerque, NM 87121 is $290,912, up 2.8% over the past year as of September 2026. The median list price sits at $329,000, and homes are spending a median of 48 days on market.

Updated September 2026Median value$291K

The median home value in Albuquerque, NM 87121 is $291K as of September 2026, up 2.8% 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 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

+2.8% over 12 months

Typical home value in 87121 over the last 12 months: $283K in Sep 2025 to $291K in Sep 2026 (+2.8%).

Sep 2025$283K

Sep 2026$291K

The numbers

What is the 87121 housing market like?

Typical home value

$291K

Up2.8%YoY

Median list price

$329K

Down0.3%MoM

Days on market

48

Up2.1%MoM

Homes for sale

87

Up24.3%MoM

Price cuts

24.9%

Up42.3%MoM

New listings

46

Down11.5%MoM

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

The outlook

87121 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87121 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 87121 rose 2.8%, per the Zillow Home Value Index.

Will home prices drop in 87121?

Zillow's forecast does not call for a drop: it expects typical home values in 87121 to rise 2.0% by September 2027, after a 2.8% 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 87121 home prices compare?

  • 87121$290,912
  • 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, 87121 had 87 homes for sale, with 46 new listings coming on during the period. The median list price was $329,000, while the typical home value was $290,912, up 2.8% over the past year. Homes took a median of 48 days to sell, and 24.9% of listings had a price cut. Values are still rising, but the pace of sales and the share of reductions suggest buyers have some room to negotiate. A seller here should price carefully from the start rather than counting on multiple offers.

Monthly payment

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20% · $58,182

Common questions

What people ask us.

How much is a home in 87121 worth?

The typical home value in 87121 is $290,912, up 2.8% over the past year as of September 2026.

How long does it take to sell a home in 87121?

Homes in 87121 spent a median of 48 days on market as of September 2026.

Are sellers cutting prices in 87121?

Yes. As of September 2026, 24.9% of listings in 87121 had a price cut, with a median list price of $329,000.

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