Search 87102 Homes For Sale – Your Insider’s Real Estate Guide
Are you a home buyer searching for 87102 homes for sale in Albuquerque? This website is your go-to resource. With an easy-to-navigate search tool, you can explore the latest MLS listings 87102, from historic homes to modern condos. The search features allow you to filter properties based on your preferences, helping you find the perfect home that meets your needs. Stay updated with real-time listings and comprehensive property details to ensure you don’t miss out on the best 87102 homes for sale.
- The median lot size in zip code 87102 is .11 acres
- The median size of a house in zip code 87102 is 1179 square feet.
- Most single-family detached homes in zip code 87102 were built between 1888 and 1960, with the median year of construction being 1945.
- Condominiums and townhomes make up about 28% of the homes in this area, larger than most of Albuquerque.
- Approximately 17% of the homes have one bedroom, 42% have two bedrooms, 31% have three bedrooms, 5% have four bedrooms, and less than 1% have five bedrooms or more.
- About 90% are single-story homes, 9% are two-story homes, and less than 1% are three stories or more.
The above data was developed from approximately 3,200 closed transactions in the Southwest MLS.
Explore Homes For Sale in 87102 Albuquerque, NM
Check out our complete MLS listings of real estate, condos, townhouses, and 87102 homes for sale in Albuquerque, NM.
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About 87102
87102 encompasses Downtown Albuquerque and its surrounding neighborhoods. This area is rich in history, culture, and urban amenities, making it a desirable location for residents and investors. With a mix of commercial, residential, and cultural spaces, 87102 offers a unique urban living experience that combines the old with the new.
The area is characterized by its diverse population, historic buildings, museums, and vibrant arts scene. Residents enjoy a bustling atmosphere with various dining, shopping, and entertainment options. Whether you’re looking for a trendy loft in the downtown area or a charming home in one of the surrounding neighborhoods, 87102 Homes for Sale has something to offer everyone.
The real estate market in 87102 offers a variety of options, from historic homes with unique architectural details to modern condos and lofts. The area’s walkability and proximity to downtown amenities make it desirable for those who enjoy an urban lifestyle.
Here are some of Albuquerque’s most iconic attractions:
Albuquerque BioPark
KiMo Theatre
Downtown Albuquerque
Albuquerque Convention Center
National Hispanic Cultural Center
Civic Plaza
Rail Yards
Median Home Price
| Year | Median Sales Price | Median Sales Price/Square Foot | # Of Homes Sold Per Year | Most Expensive Home Sold |
| 2023 | $257,500 | $220 | 182 | $729,000 |
| 2022 | $234,000 | $208 | 185 | $600,000 |
| 2021 | $210,001 | $183 | 263 | $600,000 |
| 2020 | $170,000 | $159 | 227 | $565,000 |
| 2019 | $172,250 | $143 | 186 | $465,000 |
| 2018 | $146,000 | $128 | 202 | $581,200 |
| 2017 | $134,600 | $115 | 183 | $520,000 |
| 2016 | $133,500 | $110 | 135 | $575,000 |
| 2015 | $139,250 | $118 | 122 | $330,000 |
| 2014 | $125,000 | $122 | 125 | $344,000 |
Appreciation Trends
| Median Sales Price | Median Sales Price Per Square Foot | Number Of Homes Sold Per Year | |
| 10 Year Change | +106% | +80% | +46% |
| 5 Year Change | +76% | +72% | -10% |
| 1 Year Change | +10% | +5.7% | -1.6% |
Location
Zip code 87102 is centrally located in Albuquerque, making it one of the most accessible areas in the city. It is bordered by major roads such as Central Avenue, Lomas Boulevard, and I-25 and provides easy access to other parts of Albuquerque and beyond. The area is well-served by public transportation, with several bus routes and the Albuquerque Rapid Transit (ART) system connecting residents to various parts of the city.
Public Schools
Most students will attend one of these elementary schools: Cochiti, Dolores Gonzales, East San Jose, Eugene Field, Lew Wallace, Longfellow, or Reginald Chavez.
Most students will attend one of these middle schools: Garfield, Jefferson, Washington, and Wilson.
Students will attend one of these high schools: Albuquerque or Valley.
Please note that this list of schools is not exact. If the school district is essential to you, click on this link to search schools by address.
Subdivisions include:
| Acropolis Condominiums | Albright Moore Addition | Anasazi Downtown |
| Atlantic & Pacific Addition | Baca & Armijo Addition | Banner Square |
| Barelas | Barelas Townhomes | Broadway Hills |
| Broadway Vista Condos | Campus Lofts Condos | Copper Loft Condos |
| Coronado Place | Eastern Addition | El Porvenir |
| Franciscan Acres | Fruit Street Downtown Houses | Gold Avenue Lofts |
| Gym Lofts Condos | Highland | Huning Gardens Courtyard |
| Hunings Highland | Ibiza Townhomes | John A Lee |
| Lofts 610 Central | Luna Place | Martineztown |
| Mayo & Ross | Moore | New Mexico Town Companys |
| Pacific | Park Avenue | Park Plaza Condominiums |
| Perea Addition | Perfecto Armijo & Brothers | Raynolds Addition |
| Riverside | Rosemont Park | Santa Fe |
| Silver Lofts | Sixth Street Lofts Condos | Silver Townhomes |
| South Broadway Acres | Southern Union Gas Lofts | Sunshine Addition |
| Torreon Addition | Villa De San Martin | WB Dennis |
Conclusion: How To Buy A Home in 87102
- Get Pre-Approved for a Mortgage: Obtain pre-approval from a lender to show sellers you’re a serious buyer and clarify your budget based on real numbers.
- Find a Realtor: Choose a knowledgeable realty agent who understands the homes for sale 87102 Albuquerque NM market and can guide you through each step to buy a home.
- Set a Budget: Determine how much you can afford, considering your income, savings, credit, and estimated monthly expenses. This helps narrow down homes within your financial reach.
- Research the Market: Work with a Realtor who knows the homes for sale in 87102 Albuquerque NM market, particularly in the area, to understand home values and market trends better.
- Begin Your Search for Homes for Sale: Start browsing 87102 homes for sale, considering factors like lot size, layout, and amenities. Many listings offer virtual tours to explore homes from anywhere.
- Visit Open Houses or Schedule Showings: Tour homes for sale in 87102 Albuquerque NM in person to help you evaluate homes up close and get a feel for the neighborhood and surrounding area.
- Make an Offer: Once you find the ideal home, your real estate agent will help you craft a competitive offer based on recent market data and comparable sales.
- Negotiate Price and Terms: Once your offer is submitted, be prepared to negotiate with the seller on the price, closing date, and any additional terms.
- Plan Your Move: Coordinate moving plans by hiring movers or renting a truck. Organize packing and arrange logistics to ensure a smooth transition.
- Complete Inspections and Appraisals: Schedule a home inspection to identify potential issues after accepting your offer. Your lender will order an appraisal to confirm the home’s market value.
- Finalize Your Mortgage: Work with your lender to finalize the mortgage, submit necessary documents, and lock in your interest rate for closing.
- Final Walkthrough: Conduct a final walkthrough of the home before closing to ensure that any agreed-upon repairs have been completed and that the property is in the expected condition.
- Transfer Utilities Into Your Name: Before moving in, contact utility providers to transfer services like electricity, water, gas, and internet into your name.
- Close the Sale: At closing, you’ll sign all required paperwork, pay closing costs, and officially take ownership of your new home.
