The 87120 housing market is somewhat competitive. The median sale price of a home in 87120 was $371K over the last 3 months, up 2.7% since the same period last year. The median sale price per square foot in 87120 is $205, up 0.0% since last year.
Over the three months ending August 2026, 87120 home prices were up 2.7% compared to the same period last year, selling for a median price of $371K. On average, homes in 87120 sell after 35 days on the market compared to 35 days last year. There were 224 homes sold in August this year, up from 221 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$370,840
+2.7% YoY | Aug 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2026
Growth
% YoY
87120, NM
$370,840
+2.7%
United States
To compare other locations to the 87120 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Mexico add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in 87120
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the 87120 housing market?
87120 is somewhat competitive. Homes sell in 35 days.
0
100
61
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 35 days.
Hot homes
can sell for around list price and go pending in around 16 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 87120 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 87120.
Flood Factor - Minor
2% of properties are at risk of severe flooding over the next 30 years
Flood Factor
87120 has a minor risk of flooding. 271 properties in 87120 are likely to be
severely affected
by flooding over the next 30 years. This represents 2% of all properties in 87120. Flood risk is increasing slower than the national average.
93% of properties are at risk of wildfire over the next 30 years
Fire Factor
87120 has a moderate risk of wildfire. There are 25,499 properties in 87120 that have some risk of being affected by wildfire over the next 30 years. This represents 93% of all properties in 87120.