Updated July 2026Zillowmonthly
87123 Real Estate Market Update: Albuquerque, NM, July 2026
The latest housing-market numbers for ZIP code 87123 in Albuquerque, New Mexico, for July 2026: a $359K median sale price, straight from Zillow Research. ZIP-level figures are monthly figures, smoothed over three months by Zillow.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $359K | ▲ +0.3% | ▲ +11.4% |
| Days to pending | 30 | ▼ -3.2% | ▲ +11.1% |
| Homes for sale | 104 | ▲ +3.0% | ▲ +7.2% |
| Sale-to-list | 99.4% | ▼ -0.4% | ▲ +0.7% |
| New listings | 47 | ▼ -9.6% | ▲ +9.3% |
Figures from Zillow Research (monthly figures, smoothed over three months by Zillow). Verify against your MLS before posting. Not a valuation for a specific home.
What the 87123 numbers say
Prices in Albuquerque's 87123 ZIP are still climbing. The median sale price reached $358,738, up 11.4% year over year. Homes here move fast: a typical listing goes under contract in about 30 days, and sellers are getting 99.4% of list price.
With 104 homes for sale and 47 new listings this month, 87123 is currently an active market.
What this means if you sell in 87123
Use these figures to set expectations early with each client. Lead a listing appointment with the $359K median price and the 30-day pace, show the year-over-year direction, and frame 87123 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 87123 market
We built LOKAL to pull 87123's numbers straight from Zillow Research, so an agent and a client read from the same source. For July 2026 we recorded a $359K median sale price, +11.4% year over year, a 99.4% sale-to-list ratio and a +0.3% month-over-month move with 104 homes for sale. That compares with roughly $322K a year earlier, in 2025. We refresh every ZIP monthly from Zillow Research, which only publishes a smoothed median once a ZIP has enough transactions, so the median stays reliable instead of noisy. Both sources have published ZIP-level series for years, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Zillow; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 87123 (population, median household income, owner-occupancy), see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
Turn these 87123 numbers into a finished post.
Open LOKAL with ZIP 87123 already loaded, not a nearby city. You'll get a carousel, story and square graphic carrying these exact figures, ready to export in seconds.
Build the 87123 post →Frequently asked: the 87123 housing market
- What is the median home price in ZIP 87123 (Albuquerque, NM)?
- As of July 2026, the median sale price in ZIP 87123 is $358,738 (+11.4% year over year), per Zillow Research. Figures are monthly figures, smoothed over three months by Zillow for this ZIP code.
- Is ZIP 87123 a buyer's or seller's market right now?
- ZIP 87123 is currently an active market, based on a 99.4% sale-to-list ratio, about 30 days on market for July 2026.
- How long do homes take to sell in ZIP 87123?
- A typical listing in 87123 goes under contract in about 30 days as of July 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 87123 market data come from?
- All figures for 87123 come from Zillow Research: monthly figures, smoothed over three months by Zillow. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Zillow.
Get the 87123 update in your inbox every month. Free.
The same finished numbers as this page, refreshed monthly, plus a calendar feed so it comes to you. No card, unsubscribe in one click.
Data credited to its source on every update. LOKAL is independent.
More New Mexico markets
Nearby New Mexico ZIP codes
Embed this update on your site
Data from Zillow Research (ZIP-level market data, monthly figures, smoothed over three months by Zillow), not a valuation for a specific home.