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SANTA FE, NM 87508

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

Market Analysis

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

The SANTA FE, NM real estate market (87508) currently shows 108 active listings, with 36 pending sales. Homes are averaging 59 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

The median listing price has risen 3% year-over-year, from $798,000 to $822,000.

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 Context

Market Context

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

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

Market Overview

Active Listings
108
⇧ 22.7% vs 88 last year
Pending
36
33% pending ratio
Median Price
$822,000
⇧ 3% vs $798,000 last year
Average Price
$948,382
⇧ 8% vs $878,110 last year
Days on Market
59
vs 59 days last year

Price Per Square Foot

Median $/sqft
$339
⇩ 1.7% vs $345/sqft last year
Median Home Size
2,485 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 108 this year vs 88 last year
  • Days on market: 59 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $822,000 (+3% YoY)
  • Average: $948,382 (+8% 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 33.2 miles — 473 listings ($638,782,579 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87508Santa Fe, NM 875080.0 mi94$85,571,490$797,000$910,335
87540Lamy, NM 875409.2 mi14$16,221,842$992,500$1,158,703
87535Glorieta, NM 8753511.6 mi4$2,390,000$597,500$597,500
87501Santa Fe, NM 8750114.0 mi124$189,793,904$937,000$1,530,596
87506Santa Fe, NM 8750620.8 mi120$269,643,600$1,971,250$2,247,030
87573Tererro, NM 8757321.9 mi1$5,680,000$5,680,000$5,680,000
87547White Rock, NM 8754724.8 mi39$30,578,808$786,350$784,072
87083Cochiti Lake, NM 8708325.0 mi13$4,301,817$317,500$330,909
87565San Jose, NM 8756526.0 mi1$549,000$549,000$549,000
87544Los Alamos, NM 8754427.9 mi30$16,089,000$402,000$536,300
87560Ribera, NM 8756032.3 mi3$1,719,000$550,000$573,000
87532Espanola, NM 8753232.9 mi27$14,057,118$517,000$520,634
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 March 2026, there are 108 active listings in SANTA FE, NM (zip code 87508), compared to 88 the prior year.

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

The median listing price in SANTA FE, NM 87508 is $822,000 as of March 2026, a 3% increase from $798,000 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 59 days on the market before going under contract, compared to 59 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 March 2026, SANTA FE, NM 87508 is currently a Balanced Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

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 $16,440 compared to a typical 5% commission on the median listing price of $822,000. 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.