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SANTA FE, NM 87508

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

Market Overview

Active Listings
102
⇧ 30.8% vs 78 last year
Pending
33
32% pending ratio
Median Price
$795,000
⇩ 1.2% vs $805,000 last year
Average Price
$930,282
⇧ 7.4% vs $866,295 last year
Days on Market
94
⇩ 13% vs 108 days last year

Market Context

Population: 18,245  ·  Density: 41.6/mi²  ·  Median household income: $87,750

Typical home value: $481,622  ·  Homeownership: 90.1%

Market Analysis

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

The SANTA FE, NM real estate market (87508) currently shows 102 active listings, with 33 pending sales. Homes are averaging 94 days on the market before going under contract.

Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice.

Homes are selling faster, averaging 94 days on market compared to 108 days last year.

The median listing price has fallen 1.2% year-over-year, from $805,000 to $795,000.

Whether you are buying or selling in SANTA FE, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 102 this year vs 78 last year
  • Days on market: 94 now vs 108 last year

Median & Average Pricing

Year over Year
  • Median: $795,000 (-1.2% YoY)
  • Average: $930,282 (+7.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 33.2 miles — 454 listings ($652,324,379 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87508Santa Fe, NM 875080.0 mi102$94,888,764$795,000$930,282
87540Lamy, NM 875409.2 mi13$15,740,634$975,000$1,210,818
87535Glorieta, NM 8753511.6 mi2$1,235,000$617,500$617,500
87501Santa Fe, NM 8750114.0 mi127$199,652,255$999,000$1,572,065
87506Santa Fe, NM 8750620.8 mi126$291,316,662$1,990,000$2,312,037
87552Pecos, NM 8755221.3 mi10$7,810,000$634,500$781,000
87538Ilfeld, NM 8753823.0 mi2$1,254,000$627,000$627,000
87056Stanley, NM 8705624.9 mi7$6,106,100$649,500$872,300
87565San Jose, NM 8756526.0 mi0$0$559,000$559,000
87544Los Alamos, NM 8754427.9 mi34$17,989,264$402,000$529,096
87560Ribera, NM 8756032.3 mi3$1,719,000$550,000$573,000
87532Espanola, NM 8753232.9 mi25$12,425,700$515,000$497,028
87731Montezuma, NM 8773133.2 mi3$2,187,000$729,000$729,000

Frequently Asked Questions

How many homes are for sale in SANTA FE, NM 87508?

As of January 2026, there are 102 active listings in SANTA FE, NM (zip code 87508), compared to 78 the prior year.

What is the median home price in SANTA FE, NM 87508?

The median listing price in SANTA FE, NM 87508 is $795,000 as of January 2026, a 1.2% decrease from $805,000 the prior year.

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

Homes in SANTA FE, NM 87508 spend an average of 94 days on the market before going under contract, compared to 108 days the prior year.

Is it a seller's or buyer's market in SANTA FE, NM 87508?

Based on current inventory and days-on-market data as of January 2026, SANTA FE, NM 87508 is currently a Balanced Market. Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice. Homes are selling faster, averaging 94 days on market compared to 108 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 87508 save an estimated $15,900 compared to a typical 5% commission on the median listing price of $795,000. 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.