Market Intelligence · NM / Albuquerque

Albuquerque, NM 87123 Housing Market

The typical home value in Albuquerque, NM 87123 is $345,121, up 1.5% over the past year. Homes list for a median of $399,000 and spend 52 days on the market before selling.

Updated August 2026Median value$343K

The median home value in Albuquerque, NM 87123 is $343K as of August 2026, up 1.7% 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 87123 range

$316K to $371K

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

+1.7% over 12 months

Typical home value in 87123 over the last 12 months: $338K in Aug 2025 to $343K in Aug 2026 (+1.7%).

Aug 2025$338K

Aug 2026$343K

The numbers

What is the 87123 housing market like?

Typical home value

$343K

Up1.7%YoY

Median list price

$399K

Down0.1%MoM

Days on market

52

Down5.5%MoM

Homes for sale

69

Up13.1%MoM

Price cuts

14.4%

Down25.7%MoM

New listings

40

Down4.8%MoM

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

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The comparison

How do 87123 home prices compare?

  • 87123$343,499
  • 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

As of August 2026, there are 69 homes for sale in 87123, with 40 new listings added recently. The median list price sits at $399,000, and homes typically remain on market for 52 days. About 14.4% of listings have seen a price cut, suggesting some sellers are adjusting expectations. Modest inventory and moderate market time indicate a balanced environment where pricing and condition matter.

Monthly payment

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20% · $68,700

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