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All market snapshots / 87508

Santa Fe, NM 87508 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: 0.09
ActiveActive listings: 5555PendingPending 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): $695k$695kSoldMedian sold price (last 6 months): $699k$699k
What homes actually sell for in Santa Fe, NM
Distribution of 160 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $575k to $859k
$449k to $580k: 36 sales$449k$580k to $712k: 42 sales42sales$712k to $843k: 28 sales$712k$843k to $974k: 20 sales$974k to $1.11M: 7 sales$974k$1.11M to $1.24M: 7 sales$1.24M to $1.37M: 3 sales$1.24M$1.37M to $1.5M: 1 salesMedian $699k

What the numbers say

As of September 14, 2026, Resideline is tracking 55 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 $695,000, while the median of the 160 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 66 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 160 closed sales tracked by Resideline. The middle half of those sales ranged from $575,000 to $859,000.

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

Resideline is currently tracking 5 pending sales against 55 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

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