87109 Home Values & Market Trends

There are 48 homes currently listed for 87109. 87109 real estate market trends show that home prices range from $79,900 to $635,000, and the median sales price in the 87109 zip code is $360,841.8. The total number of properties sold within the past twelve months is 449. In 87109, 10 properties are in foreclosure, 1 are bank owned properties,and 0 are headed for auction.

87109 Real Estate Market Overview

CityMedian Est. Value
Albuquerque

$ 362,339

$ 200/sqft

Housing Market Summary for 87109

Apr 2023March 2024Change
Median Listing Price$345K$342.8K-0.65%
Median Sold Price$360.9K$342.8K-5.02%
Homes For Sale334742.42%
Homes Sold232212-8.62%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 87109

The median list price of a home in Albuquerque, is $360,841.8. A total of 48 properties are for sale, and the percentage of properties for sale in the zip code is 48.00%. The total count of 87109 properties is 11,817.

Foreclosure
There is 1 cities within 87109; within this cities, the median estimated home value for homes in foreclosure ranges from $939,629 in albuquerque to the lowest value of $117,264 in albuquerque. Foreclosure homes account for 0.00% of properties in 87109 with albuquerque containing 232 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.08% of all residential properties in 87109 with albuquerque containing 173 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 87109; of that cities, the estimated home value for pre-foreclosure homes ranges from $939,629 in albuquerque to the lowest home value of $117,264 in albuquerque.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 87109 ranges from the highest value of $840,136 in albuquerque to the lowest value of $214,701 in albuquerque. Bank owned homes and properties account for 0.01% of properties in 87109. There is 1 cities within 87109; albuquerque containing 29 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 87109. Auction homes and other auction properties account for 0% of all properties in 87109. There is 1 cities within 87109; of that cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.41% of residential properties in 87109 with albuquerque containing 888 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 87109; homes for sale in that cities, have a range of median values from $3,900,000 in albuquerque to the lowest value of $80,000 in albuquerque.
    Sold Homes
    The median value for recently sold homes ranges from $2,716,250 in albuquerque to the lowest price of $32,332 in albuquerque. There is 1 cities within 87109. albuquerque has 4074 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.08% of properties in 87109.

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      Guide for 87109

      Market Reports
      Santa Fe Real Estate Values Pulse Through Highs and Lows: Report of 2023-2024 Trends
      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      Home Buying Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      See More Articles
      Santa Fe Real Estate Values Pulse Through Highs and Lows: Report of 2023-2024 Trends
      Market Reports|posted 17 April 2024

      This article describes the fluctuating real estate market of Santa Fe and neighboring cities from July 2023 to March 2024, focusing on property values, sale prices, and number of sold homes.

      gavel for real estate auction
      New Mexico Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac

      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?