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All market snapshots / 87505

Santa Fe, NM 87505 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: 0.12
ActiveActive listings: 6767PendingPending sales: 88
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): $850k$850kSoldMedian sold price (last 6 months): $629k$629k
What homes actually sell for in Santa Fe, NM
Distribution of 216 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $425k to $879k
$250k to $493k: 64 sales$250k$493k to $736k: 67 sales67sales$736k to $979k: 31 sales$736k$979k to $1.22M: 16 sales$1.22M to $1.47M: 8 sales$1.22M$1.47M to $1.71M: 5 sales$1.71M to $1.95M: 4 sales$1.71M$1.95M to $2.19M: 1 salesMedian $629k

What the numbers say

As of September 14, 2026, Resideline is tracking 67 active listings and 8 pending sales in ZIP code 87505. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $850,000, while the median of the 216 closed sales Resideline tracked over the last six months was $629,000. 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 87505 for 84 days.

Frequently asked questions

What is the median home price in 87505?

The median closed sale price in Santa Fe, NM 87505 was $629,000 over the last six months, based on 216 closed sales tracked by Resideline. The middle half of those sales ranged from $425,000 to $879,000.

Is 87505 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 67 active listings in 87505, a pending-to-active ratio of 0.12. 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, 87505 currently looks like a balanced market.

Nearby ZIP code market data

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