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Market Intelligence · NM / Albuquerque

Albuquerque, NM 87122 Housing Market

The typical home value in Albuquerque's 87122 ZIP code is $748,956, up 1.3% over the past year as of September 2026. The median list price is $887,875, and homes spend a median of 70 days on market.

Updated September 2026Median value$749K

The median home value in Albuquerque, NM 87122 is $749K as of September 2026, up 1.3% 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 87122 range

$689K to $809K

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 87122 over the last 12 months: $739K in Sep 2025 to $749K in Sep 2026 (+1.3%).

Sep 2025$739K

Sep 2026$749K

The numbers

What is the 87122 housing market like?

Typical home value

$749K

Up1.3%YoY

Median list price

$888K

Up4.5%MoM

Days on market

70

Up20.7%MoM

Homes for sale

76

Up2.7%MoM

Price cuts

29.3%

Up25.3%MoM

New listings

30

Down16.7%MoM

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

The outlook

87122 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87122 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 87122 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 87122?

Zillow's forecast does not call for a drop: it expects typical home values in 87122 to rise 1.6% by September 2027, after a 1.3% 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 87122 home prices compare?

  • 87122$748,956
  • 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

Inventory in 87122 is moderate, with 76 homes for sale and 30 new listings as of September 2026. The median list price of $887,875 sits well above the typical home value of $748,956, which suggests sellers are often aiming high relative to what homes are actually worth. Buyers are taking their time, with a median of 70 days on market. Nearly a third of listings, 29.3%, have had a price cut. For a seller, that means pricing right from the start matters more than testing the market.

Monthly payment

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20% · $149,791

Common questions

What people ask us.

How much is a home in 87122 worth?

The typical home value in 87122 is $748,956 as of September 2026, up 1.3% over the past year.

How long does it take to sell a home in 87122?

Homes in 87122 spend a median of 70 days on market as of September 2026.

How competitive is the 87122 housing market?

There were 76 homes for sale and 30 new listings in 87122 as of September 2026, and 29.3% of listings had a price cut.

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