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All market snapshots / 87120

Albuquerque, NM 87120 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Albuquerque, NM inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.22
ActiveActive listings: 6868PendingPending sales: 1515
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): $478k$478kSoldMedian sold price (last 6 months): $373k$373k
What homes actually sell for in Albuquerque, NM
Distribution of 397 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $325k to $489k
$246k to $309k: 49 sales$246k$309k to $372k: 130 sales130sales$372k to $435k: 60 sales$372k$435k to $498k: 43 sales$498k to $561k: 35 sales$498k$561k to $624k: 17 sales$624k to $687k: 18 sales$624k$687k to $750k: 6 salesMedian $373k

What the numbers say

As of September 14, 2026, Resideline is tracking 68 active listings and 15 pending sales in ZIP code 87120. That pending-to-active ratio of 0.22 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $477,500, while the median of the 397 closed sales Resideline tracked over the last six months was $373,000. 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 57 days.

Frequently asked questions

What is the median home price in 87120?

The median closed sale price in Albuquerque, NM 87120 was $373,000 over the last six months, based on 397 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 15 pending sales against 68 active listings in 87120, a pending-to-active ratio of 0.22. 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

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