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SANTA FE, NM 87506

Real Estate Market Report  ·  Santa Fe County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The SANTA FE, NM real estate market (87506) currently shows 160 active listings, with 28 pending sales. Homes are averaging 98 days on the market before going under contract.

Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 98 days on market compared to 94 days last year.

The median listing price has risen 0.2% year-over-year, from $1,988,656 to $1,992,500.

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Market Context

Market Context

Population: 15,895  ·  Density: 19.9/mi²  ·  Median household income: $77,807

Typical home value: $420,499  ·  Homeownership: 81.1%

Market Overview

Active Listings
160
⇩ 13% vs 184 last year
Pending
28
18% pending ratio
Median Price
$1,992,500
⇧ 0.2% vs $1,988,656 last year
Average Price
$2,378,005
⇧ 4.2% vs $2,282,250 last year
Days on Market
98
⇧ 4.3% vs 94 days last year

Price Per Square Foot

Median $/sqft
$575
⇧ 8.5% vs $530/sqft last year
Median Home Size
3,546 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 160 this year vs 184 last year
  • Days on market: 98 now vs 94 last year

Median & Average Pricing

Year over Year
  • Median: $1,992,500 (+0.2% YoY)
  • Average: $2,378,005 (+4.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 29.5 miles — 620 listings ($681,011,453 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87506Santa Fe, NM 875060.0 mi120$269,643,600$1,971,250$2,247,030
87522Chimayo, NM 8752212.3 mi6$2,700,000$350,000$450,000
87547White Rock, NM 8754713.3 mi39$30,578,808$786,350$784,072
87505Santa Fe, NM 8750514.8 mi137$156,106,979$753,750$1,139,467
87507Santa Fe, NM 8750716.0 mi193$118,206,324$541,225$612,468
87511Alcalde, NM 8751118.5 mi1$125,000$125,000$125,000
87508Santa Fe, NM 8750820.8 mi94$85,571,490$797,000$910,335
87552Pecos, NM 8755222.5 mi9$7,614,000$527,000$846,000
87521Chamisal, NM 8752123.4 mi3$870,000$290,000$290,000
87537Hernandez, NM 8753725.0 mi6$2,023,002$297,000$337,167
87543Llano, NM 8754326.1 mi1$2,150,000$2,150,000$2,150,000
87549Ojo Caliente, NM 8754928.8 mi2$1,298,000$649,000$649,000
87742Rociada, NM 8774229.5 mi9$4,124,250$407,000$458,250

Frequently Asked Questions

How many homes are for sale in SANTA FE, NM 87506?

As of September 2026, there are 160 active listings in SANTA FE, NM (zip code 87506), compared to 184 the prior year.

What is the median home price in SANTA FE, NM 87506?

The median listing price in SANTA FE, NM 87506 is $1,992,500 as of September 2026, a 0.2% increase from $1,988,656 the prior year.

How long do homes stay on the market in SANTA FE, NM?

Homes in SANTA FE, NM 87506 spend an average of 98 days on the market before going under contract, compared to 94 days the prior year.

Is it a seller's or buyer's market in SANTA FE, NM 87506?

Based on current inventory and days-on-market data as of September 2026, SANTA FE, NM 87506 is currently a Balanced Market. Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 98 days on market compared to 94 days last year.

How much can I save on real estate commission in SANTA FE, NM?

With SELL123.com's maximum 3% commission, sellers in SANTA FE, NM 87506 save an estimated $39,850 compared to a typical 5% commission on the median listing price of $1,992,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.