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All market snapshots / 87508

Santa Fe, NM 87508 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Santa Fe, NM inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 5454PendingPending 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): $682k$682kSoldMedian sold price (last 6 months): $695k$695k
What homes actually sell for in Santa Fe, NM
Distribution of 169 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $570k to $849k
$438k to $545k: 23 sales$438k$545k to $652k: 34 sales$652k to $759k: 38 sales38sales$652k$759k to $866k: 30 sales$866k to $974k: 10 sales$866k$974k to $1.08M: 5 sales$1.08M to $1.19M: 7 sales$1.08M$1.19M to $1.3M: 5 salesMedian $695k

What the numbers say

As of October 5, 2026, Resideline is tracking 54 active listings and 5 pending sales in ZIP code 87508. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $682,500, while the median of the 169 closed sales Resideline tracked over the last six months was $695,000. 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 87508 for 80 days.

Frequently asked questions

What is the median home price in 87508?

The median closed sale price in Santa Fe, NM 87508 was $695,000 over the last six months, based on 169 closed sales tracked by Resideline. The middle half of those sales ranged from $570,000 to $849,000.

Is 87508 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 54 active listings in 87508, a pending-to-active ratio of 0.09. 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, 87508 currently looks like a balanced market.

Nearby ZIP code market data

Full Santa Fe, NM housing market report →

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