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All market snapshots / 87501

Santa Fe, NM 87501 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Santa Fe, NM inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.03
ActiveActive listings: 7171PendingPending sales: 22
Santa Fe, NM: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $795k$795kSoldMedian sold price (last 6 months): $795k$795k
What homes actually sell for in Santa Fe, NM
Distribution of 157 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $539k to $1.35M
$245k to $521k: 24 sales$245k$521k to $796k: 49 sales49sales$796k to $1.07M: 23 sales$796k$1.07M to $1.35M: 12 sales$1.35M to $1.62M: 18 sales$1.35M$1.62M to $1.9M: 7 sales$1.9M to $2.17M: 3 sales$1.9M$2.17M to $2.45M: 6 salesMedian $795k

What the numbers say

As of October 26, 2026, Resideline is tracking 71 active listings and 2 pending sales in ZIP code 87501. That pending-to-active ratio of 0.03 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $795,000, while the median of the 157 closed sales Resideline tracked over the last six months was $795,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 87501 for 96 days.

Frequently asked questions

What is the median home price in 87501?

The median closed sale price in Santa Fe, NM 87501 was $795,000 over the last six months, based on 157 closed sales tracked by Resideline. The middle half of those sales ranged from $539,000 to $1,350,000.

Is 87501 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 71 active listings in 87501, a pending-to-active ratio of 0.03. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 87501 is currently a slower-moving market.

Nearby ZIP code market data

Full Santa Fe, NM housing market report →

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