87120 Home Values & Market Trends

There are 111 homes currently listed for 87120. 87120 real estate market trends show that home prices range from $150,000 to $2,500,000, and the median sales price in the 87120 zip code is $328,881.43. The total number of properties sold within the past twelve months is 821. In 87120, 27 properties are in foreclosure, 3 are bank owned properties,and 4 are headed for auction.

87120 Real Estate Market Overview

CityMedian Est. Value
Albuquerque

$ 350,000

$ 195/sqft

Housing Market Summary for 87120

Mar 2023February 2024Change
Median Listing Price$400K$325K-18.75%
Median Sold Price$320K$325K1.57%
Homes For Sale93974.30%
Homes Sold558480-13.98%
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 87120

The median list price of a home in Albuquerque, is $328,881.43. A total of 111 properties are for sale, and the percentage of properties for sale in the zip code is 111.00%. The total count of 87120 properties is 23,012.

Foreclosure
There is 1 cities within 87120; 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 87120 with albuquerque containing 218 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.09% of all residential properties in 87120 with albuquerque containing 156 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 87120; 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 87120 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 0.01% of properties in 87120. There is 1 cities within 87120; albuquerque containing 33 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    albuquerque has 29 auction properties, the highest number of properties going to auction in a single city in the state of 87120. Auction homes and other auction properties account for 0.02% of all properties in 87120. There is 1 cities within 87120; of that cities, the median estimated home value for homes going to auction ranges from $569,341 in albuquerque to the lowest value of $131,067 in albuquerque.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.48% of residential properties in 87120 with albuquerque containing 793 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 87120; homes for sale in that cities, have a range of median values from $3,900,000 in albuquerque to the lowest value of $80,026 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 87120. albuquerque has 3143 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.67% of properties in 87120.

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      Guide for 87120

      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      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

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?