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Albuquerque, NM 87120 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Albuquerque, NM inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.19
ActiveActive listings: 6262PendingPending sales: 1212
Albuquerque, NM: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $470k$470kSoldMedian sold price (last 6 months): $375k$375k
What homes actually sell for in Albuquerque, NM
Distribution of 406 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $325k to $489k
$256k to $317k: 66 sales$256k$317k to $379k: 124 sales124sales$379k to $441k: 60 sales$379k$441k to $502k: 48 sales$502k to $564k: 25 sales$502k$564k to $626k: 21 sales$626k to $687k: 15 sales$626k$687k to $749k: 6 salesMedian $375k

What the numbers say

As of October 5, 2026, Resideline is tracking 62 active listings and 12 pending sales in ZIP code 87120. That pending-to-active ratio of 0.19 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $470,000, while the median of the 406 closed sales Resideline tracked over the last six months was $375,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 87120 for 67 days.

Frequently asked questions

What is the median home price in 87120?

The median closed sale price in Albuquerque, NM 87120 was $375,000 over the last six months, based on 406 closed sales tracked by Resideline. The middle half of those sales ranged from $325,000 to $489,000.

Is 87120 a buyer's or seller's market?

Resideline is currently tracking 12 pending sales against 62 active listings in 87120, a pending-to-active ratio of 0.19. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 87120 currently looks like a balanced market.

Nearby ZIP code market data

Full Albuquerque, NM housing market report →

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