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Albuquerque, NM 87123 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Albuquerque, NM inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 4646PendingPending sales: 55
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): $368k$368kSoldMedian sold price (last 6 months): $358k$358k
What homes actually sell for in Albuquerque, NM
Distribution of 221 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $295k to $450k
$230k to $288k: 35 sales$230k$288k to $347k: 58 sales58sales$347k to $406k: 42 sales$347k$406k to $464k: 25 sales$464k to $522k: 17 sales$464k$522k to $581k: 12 sales$581k to $640k: 4 sales$581k$640k to $698k: 5 salesMedian $358k

What the numbers say

As of October 26, 2026, Resideline is tracking 46 active listings and 5 pending sales in ZIP code 87123. That pending-to-active ratio of 0.11 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $367,500, while the median of the 221 closed sales Resideline tracked over the last six months was $358,000. 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 87123 for 71 days.

Frequently asked questions

What is the median home price in 87123?

The median closed sale price in Albuquerque, NM 87123 was $358,000 over the last six months, based on 221 closed sales tracked by Resideline. The middle half of those sales ranged from $295,000 to $449,900.

Is 87123 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 46 active listings in 87123, a pending-to-active ratio of 0.11. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 87123 is currently a typical-pace market.

Nearby ZIP code market data

Full Albuquerque, NM housing market report →

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