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Market Intelligence · NM / Albuquerque

Albuquerque, NM 87123 Housing Market

The typical home in Albuquerque's 87123 ZIP code is worth $341,861, up 1.8% over the past year as of September 2026. Sellers are asking a median list price of $383,475, and homes are taking a median of 56 days to go under contract.

Updated September 2026Median value$342K

The median home value in Albuquerque, NM 87123 is $342K as of September 2026, up 1.8% 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 87123 range

$315K to $369K

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

+1.8% over 12 months

Typical home value in 87123 over the last 12 months: $336K in Sep 2025 to $342K in Sep 2026 (+1.8%).

Sep 2025$336K

Sep 2026$342K

The numbers

What is the 87123 housing market like?

Typical home value

$342K

Up1.8%YoY

Median list price

$383K

Down3.9%MoM

Days on market

56

Up7.7%MoM

Homes for sale

78

Up13.0%MoM

Price cuts

23.5%

Up63.6%MoM

New listings

30

Down25.0%MoM

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

The outlook

87123 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87123 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 87123 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 87123?

Zillow's forecast does not call for a drop: it expects typical home values in 87123 to rise 1.5% by September 2027, after a 1.8% 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 87123 home prices compare?

  • 87123$341,861
  • 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 87123 sits at 78 homes for sale as of September 2026, with 30 new listings hitting the market that month. The median list price of $383,475 runs above the typical home value of $341,861, which is up 1.8% over the past year. Homes are spending a median of 56 days on market, so buyers have time to weigh options. Meanwhile, 23.5% of listings have taken a price cut. For a seller, the data points to modest appreciation and a market that rewards realistic pricing from the start.

Monthly payment

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20% · $68,372

Common questions

What people ask us.

How much is a home in 87123 worth?

The typical home value in 87123 is $341,861 as of September 2026, up 1.8% over the past year.

How fast are homes selling in 87123?

Homes are spending a median of 56 days on market as of September 2026, and 23.5% of listings have had a price cut.

What are sellers asking in 87123?

The median list price is $383,475 as of September 2026, with 78 homes for sale and 30 new listings that month.

Discover

Nearby ZIP markets.

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Guides for sellers.