87111 Home Values & Market Trends

There are 63 homes currently listed for 87111. 87111 real estate market trends show that home prices range from $239,700 to $2,900,000, and the median sales price in the 87111 zip code is $389,897.63. The total number of properties sold within the past twelve months is 613. In 87111, 9 properties are in foreclosure, 3 are bank owned properties,and 1 are headed for auction.

87111 Real Estate Market Overview

CityMedian Est. Value
Albuquerque

$ 363,822

$ 198/sqft

Housing Market Summary for 87111

Mar 2023February 2024Change
Median Listing Price$504.5K$392.8K-22.13%
Median Sold Price$376.9K$392.8K4.24%
Homes For Sale567126.79%
Homes Sold432364-15.74%
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 87111

The median list price of a home in Albuquerque, is $389,897.63. A total of 63 properties are for sale, and the percentage of properties for sale in the zip code is 63.00%. The total count of 87111 properties is 18,198.

Foreclosure
There is 1 cities within 87111; within this cities, the median estimated home value for homes in foreclosure ranges from $849,500 in albuquerque to the lowest value of $114,605 in albuquerque. Foreclosure homes account for 0.00% of properties in 87111 with albuquerque containing 162 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.03% of all residential properties in 87111 with albuquerque containing 93 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 87111; of that cities, the estimated home value for pre-foreclosure homes ranges from $849,500 in albuquerque to the lowest home value of $114,605 in albuquerque.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 87111 ranges from the highest value of $515,500 in albuquerque to the lowest value of $131,868 in albuquerque. Bank owned homes and properties account for 0.02% of properties in 87111. There is 1 cities within 87111; albuquerque containing 34 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    albuquerque has 35 auction properties, the highest number of properties going to auction in a single city in the state of 87111. Auction homes and other auction properties account for 0.01% of all properties in 87111. There is 1 cities within 87111; of that cities, the median estimated home value for homes going to auction ranges from $569,341 in albuquerque to the lowest value of $188,036 in albuquerque.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.35% of residential properties in 87111 with albuquerque containing 741 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 87111; homes for sale in that cities, have a range of median values from $3,900,000 in albuquerque to the lowest value of $73,430 in albuquerque.
    Sold Homes
    The median value for recently sold homes ranges from $2,700,000 in albuquerque to the lowest price of $30,156 in albuquerque. There is 1 cities within 87111. albuquerque has 3485 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.79% of properties in 87111.

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      Guide for 87111

      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      Wholesale
      4 Tips on How To Buy a House Wholesale
      Market Reports
      Columbus Real Estate Market Grows: Values Increases 4% April 2023 to February 2024
      Market Reports
      Mesa Real Estate Market Flourishes in February 2024; Values Show Steady Rise
      See More Articles
      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

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      Columbus Real Estate Market Grows: Values Increases 4% April 2023 to February 2024
      Market Reports|posted 7 March 2024

      Columbus, Ohio, hosts a steadily growing and robust real estate market, characterized by increasing property values, a consistent number of sales, and diverse neighborhood options.

      Mesa Real Estate Market Flourishes in February 2024; Values Show Steady Rise
      Market Reports|posted 7 March 2024

      The Mesa, Arizona real estate market displays a variety of trends with property values fluctuating monthly.

      Recently Listed Homes 87111

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