Searh 87123 Homes For Sale – Your 87123 Real Estate Guide
Are you a home buyer searching for 87123 homes for sale in Albuquerque, NM? This area is a hidden gem in the city, offering a diverse selection of properties that cater to various lifestyles and budgets. From affordable starter homes to more upscale residences, the real estate market in 87123 has something for everyone. Whether you’re a first-time homebuyer, a family looking to upgrade, or someone seeking a peaceful place to retire, 87123 provides a range of housing options in a vibrant community. Our website makes it easy to find the best 87123 homes for sale in Albuquerque, NM.
- The median lot size is .16 acres
- The median size of a house is 1658 square feet.
- Most homes were built between 1960 and 2020, with the median year of construction being 1999.
- Approximately .26% of the homes have one bedroom, 12% have two bedrooms, 62% have three bedrooms, 24% have four bedrooms, and 1.6% have five bedrooms or more.
- About 64% are single-story homes, 35% are two-story homes, and less than 1% are three stories or more.
Explore Homes For Sale in 87123 Albuquerque, NM
Check out our complete MLS listings of real estate, condos, townhouses, and 87123 homes for sale in Albuquerque, NM.
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87123 Houses – Market Trends
The information below offers a comprehensive view of 87123’s real estate market, showcasing key trends in median home prices, sales volumes, and property appreciation. Additionally, demographic information reveals a diverse mix of residents, from young professionals to retirees, driving market dynamics. Understanding these key market trends is crucial for anyone looking to buy or sell a home, as they provide valuable insights into pricing, competition, and potential future returns.
| Year | Median Sales Price | Median Sales Price/Square Foot | # Of Homes Sold Per Year | Most Expensive Home Sale |
| 2023 | $315,500 | $189 | 462 | $895,000 |
| 2022 | $309,000 | $184 | 565 | $785,000 |
| 2021 | $280,000 | $158 | 808 | $940,000 |
| 2020 | $236,450 | $139 | 750 | $1,250,000 |
| 2019 | $219,950 | $127 | 652 | $625,000 |
| 2018 | $197,600 | $121 | 646 | $580,000 |
| 2017 | $182,500 | $115 | 574 | $700,000 |
| 2016 | $183,500 | $113 | 512 | $829,000 |
| 2015 | $180,000 | $110 | 473 | $625,000 |
| 2014 | $170,000 | $106 | 445 | $549,000 |
Appreciation Trends
| Median Sales Price | Median Sales Price Per Square Foot | Number Of Homes Sold Per Year | |
| 10 Year Change | +86% | +78% | +3.8% |
| 5 Year Change | +60% | +56% | -28% |
| 1 Year Change | +2.1% | +2.7% | -18% |
About Zip Code 87123
Zip code 87123 is located in the southeastern part of Albuquerque and is characterized by its mix of residential, commercial, and recreational areas. The neighborhoods in 87123 range from established communities with modern amenities. The area is known for its affordability, making it a popular choice for first-time homebuyers and those looking for value in the Albuquerque real estate market.
In addition to its residential appeal, 87123 is home to several parks, schools, and shopping centers, offering residents a convenient lifestyle with everything they need close by. The area is well-served by public transportation, and its location provides easy access to the city and the scenic landscapes of the Sandia Mountains. Whether you prefer the tranquility of suburban living or the convenience of being close to urban amenities, 87123 offers a perfect balance.
Location
Zip code 87123 is strategically located in Albuquerque’s southeast and northeast quadrant, providing residents with excellent access to the city’s amenities and natural attractions. The area is bordered by major roads such as Central Avenue, Eubank Boulevard, and I-40, making it easy to commute to downtown Albuquerque, the University of New Mexico, Sandia Labs, or Kirtland Air Force Base.
Residents here enjoy proximity to outdoor recreational areas like the Four Hills Open Space and the Tijeras Arroyo, which are perfect for hiking, biking, and enjoying the natural beauty of New Mexico. The area is also close to several shopping centers, including the popular Coronado Center, and offers a variety of dining options, from local eateries to well-known chains. With its convenient location and access to urban and outdoor amenities, this location is ideal for those who want the best of both worlds.
Public Schools
The majority of students will attend one of these elementary schools:
Students will attend one of the middle schools: A Montoya, Apache, Chelwood, Collett Park, Hawthorne, Manzano Mesa, or Tomasita.
Most students will attend one of these high schools: Grant, Hayes, Kennedy, Roosevelt, or Van Buren.
Most students will attend one of these high schools: Highland or Manzano.
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.
Types of Homes in 87123
87123 homes for sale in Albuquerque offer a diverse range of homes, with most properties built between
1960 and 2000. This area features a mix of well-established neighborhoods and newer developments, offering a range of options for homebuyers. Many of the 87123 homes for sale from this period are traditional single-family residences, reflecting the architectural styles of their respective eras. These homes are typically found in quiet, suburban areas with mature landscaping and a strong sense of community, making them ideal for families and those seeking a stable, welcoming environment.
The foothills and Four Hills neighborhoods in 87123 offer larger, more upscale homes for buyers seeking luxury. Four Hills, in particular, is known for its older, well-built homes constructed between 1960 and 1980. These homes often feature spacious layouts and unique designs and are situated on larger lots, providing privacy and exclusivity. The area is also home to the Canyon Club at Four Hills Golf Course, adding a touch of elegance and leisure to the neighborhood. These luxury homes cater to those who appreciate the charm of older construction and the amenities of a high-end lifestyle.
On the other hand, if you’re in the market for newer, more modern homes, Volterra is an excellent option for 87123 homes for sale. Homes in Volterra were built between 2005 and 2023, offering contemporary designs and energy-efficient features that appeal to today’s homebuyers. These properties typically include open floor plans, modern finishes, and advanced home technologies, making them ideal for those seeking the latest home design. Volterra’s newer developments offer a fresh, vibrant community atmosphere, perfect for families and individuals seeking a modern living experience in a well-connected part of Albuquerque.
Subdivisions include:
| Four Hills Village | City View Estates | Cloudview Estates |
| At North Four Hills | Cenaroca | Bluffs at Encantado |
| Bonita Terrace | Breeze at Mountain Gate | Buena Ventura |
| Casitas Coronado | Chelwood Addition | Chelwood Park |
| Ciudad Vista | Covered Wagon | Creekside East |
| Creekside West | Princess Jeanne | Manzano Manor |
| Desert Mountain Estates | Dorado Village | East Central Business Add |
| East Granada Hills | East Range | Echo Canyon |
| El Vallado | Embudito Canyon | Embudo Canyon |
| Executive Hills | Foothill Estates | Four Hills Manor |
| Glenridge Park | Granada Hills | Hidden Valley |
| Juan Tabo Hills | Juan Tabo Hills Estates | Longford Village East |
| Los Caballeros Estates | Los Campos | Miravista |
| Mirabella | Monarch Townhouses | Monarch Village |
| Monticello | Mountain Shadow Estates | North Four Hills |
| Gallagher Addition | Panorama Addition | Parkside Estates |
| Piedra Vista | Pinon Creek | Pinon Creek Village |
| Presidio | Reserve at Four Hills | Rhodes Sandia Vista |
| Sandia Manor | Sandia Vista | Serenity Hills |
| Singing Arrow | Supper Rock | Terracita |
| Thomas Guinan | Tijeras Heights | Town Park |
| Villa Serena | Vista Four Hills | Vista Oriente |
| Volterra | Volterra Village | Waggoman Dennison |
| Wells Sandia Manor | Willow Wood | Winterwood Park |
Search Homes For Sale In Cities Nearby
Broaden your home search with the help of our expert Realtors and professional real estate agents who specialize in local housing markets. Explore nearby communities featuring beautiful single-family homes, new construction properties, condominiums, and luxury real estate designed to fit every lifestyle. Whether you’re buying your first home, upgrading, or investing in residential real estate, our knowledgeable real estate agents will help you navigate the market and find your dream home.
