Start Free
All market snapshots / 87501

Santa Fe, NM 87501 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Santa Fe, NM inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 6363PendingPending sales: 55
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): $845k$845kSoldMedian sold price (last 6 months): $850k$850k
What homes actually sell for in Santa Fe, NM
Distribution of 161 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $550k to $1.35M
$250k to $544k: 32 sales$250k$544k to $837k: 39 sales39sales$837k to $1.13M: 28 sales$837k$1.13M to $1.42M: 15 sales$1.42M to $1.72M: 17 sales$1.42M$1.72M to $2.01M: 5 sales$2.01M to $2.31M: 6 sales$2.01M$2.31M to $2.6M: 2 salesMedian $850k

What the numbers say

As of September 14, 2026, Resideline is tracking 63 active listings and 5 pending sales in ZIP code 87501. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $845,000, while the median of the 161 closed sales Resideline tracked over the last six months was $850,000. 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 70 days.

Frequently asked questions

What is the median home price in 87501?

The median closed sale price in Santa Fe, NM 87501 was $850,000 over the last six months, based on 161 closed sales tracked by Resideline. The middle half of those sales ranged from $550,000 to $1,350,000.

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

Resideline is currently tracking 5 pending sales against 63 active listings in 87501, a pending-to-active ratio of 0.08. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 87501 currently looks like a balanced market.

Nearby ZIP code market data

Full Santa Fe, NM housing market report →
Run any 87501 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.