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All market snapshots / 87508

Santa Fe, NM 87508 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: 0.09
ActiveActive listings: 5353PendingPending 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): $665k$665kSoldMedian sold price (last 6 months): $699k$699k
What homes actually sell for in Santa Fe, NM
Distribution of 159 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $575k to $850k
$437k to $544k: 23 sales$437k$544k to $652k: 28 sales$652k to $759k: 39 sales39sales$652k$759k to $866k: 26 sales$866k to $973k: 11 sales$866k$973k to $1.08M: 5 sales$1.08M to $1.19M: 7 sales$1.08M$1.19M to $1.3M: 5 salesMedian $699k

What the numbers say

As of October 26, 2026, Resideline is tracking 53 active listings and 5 pending sales in ZIP code 87508. That pending-to-active ratio of 0.09 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 $665,000, while the median of the 159 closed sales Resideline tracked over the last six months was $699,000. 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 99 days.

Frequently asked questions

What is the median home price in 87508?

The median closed sale price in Santa Fe, NM 87508 was $699,000 over the last six months, based on 159 closed sales tracked by Resideline. The middle half of those sales ranged from $575,000 to $850,000.

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

Resideline is currently tracking 5 pending sales against 53 active listings in 87508, a pending-to-active ratio of 0.09. 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, 87508 is currently a typical-pace market.

Nearby ZIP code market data

Full Santa Fe, NM housing market report →

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