Market Intelligence · NM / Albuquerque

Albuquerque, NM 87123 Housing Market

The typical home in Albuquerque's 87123 ZIP code is worth $346,353, up 1.1% over the past year. The median list price sits at $391,000, and homes are taking a median of 51 days on market.

Updated June 2026Median value$346K

The median home value in Albuquerque, NM 87123 is $346K as of June 2026, up 1.1% 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

$319K to $374K

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

+1.1% over 12 months

Typical home value in 87123 over the last 12 months: $343K in Jun 2025 to $346K in Jun 2026 (+1.1%).

Jun 2025$343K

Jun 2026$346K

The numbers

What is the 87123 housing market like?

Typical home value

$346K

Up1.1%YoY

Median list price

$391K

Days on market

51

Homes for sale

60

Price cuts

16.9%

New listings

46

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 87123 home prices compare?

  • 87123$346,353
  • Albuquerque$358,172
  • New Mexico$279,729
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Albuquerque: 16 ZIPs; New Mexico: 154 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 60 homes for sale in 87123, with 46 new listings added recently. The median list price is $391,000, while the typical home value is $346,353, up 1.1% over the past year. Homes take a median of 51 days to sell, and 16.9% of listings have had a price cut. For sellers, this points to steady but unhurried demand, so realistic pricing and patience matter.

Monthly payment

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20% · $69,271

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