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
City | Median Est. Value |
---|---|
Albuquerque | $ 350,000 $ 195/sqft |
Housing Market Summary for 87120
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $400K | $325K | -18.75% |
Median Sold Price | $320K | $325K | 1.57% |
Homes For Sale | 93 | 97 | 4.30% |
Homes Sold | 558 | 480 | -13.98% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in 87120
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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- Auctionsalbuquerque 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.
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Guide for 87120
Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
Learn how to secure a house mortgage even with a low credit score.
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.
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