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All market snapshots / 87505

Santa Fe, NM 87505 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: 0.11
ActiveActive listings: 6464PendingPending sales: 77
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): $669k$669kSoldMedian sold price (last 6 months): $675k$675k
What homes actually sell for in Santa Fe, NM
Distribution of 208 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $440k to $985k
$250k to $525k: 68 sales68sales$250k$525k to $800k: 61 sales$800k to $1.07M: 25 sales$800k$1.07M to $1.35M: 19 sales$1.35M to $1.62M: 6 sales$1.35M$1.62M to $1.9M: 7 sales$1.9M to $2.17M: 2 sales$1.9M$2.17M to $2.45M: 2 salesMedian $675k

What the numbers say

As of October 26, 2026, Resideline is tracking 64 active listings and 7 pending sales in ZIP code 87505. That pending-to-active ratio of 0.11 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $669,000, while the median of the 208 closed sales Resideline tracked over the last six months was $675,000. 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 87 days.

Frequently asked questions

What is the median home price in 87505?

The median closed sale price in Santa Fe, NM 87505 was $675,000 over the last six months, based on 208 closed sales tracked by Resideline. The middle half of those sales ranged from $440,000 to $985,000.

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

Resideline is currently tracking 7 pending sales against 64 active listings in 87505, a pending-to-active ratio of 0.11. 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, 87505 is currently a typical-pace market.

Nearby ZIP code market data

Full Santa Fe, NM housing market report →

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