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SANTA FE, NM 87506

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The SANTA FE, NM real estate market (87506) currently shows 120 active listings, with 23 pending sales. Homes are averaging 111 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 111 days on market compared to 103 days last year.

The median listing price has risen 5.4% year-over-year, from $1,870,625 to $1,971,250.

Whether you are buying or selling in SANTA FE, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 15,895  ·  Density: 19.9/mi²  ·  Median household income: $77,807

Typical home value: $420,499  ·  Homeownership: 81.1%

Market Overview

Active Listings
120
⇩ 11.1% vs 135 last year
Pending
23
19% pending ratio
Median Price
$1,971,250
⇧ 5.4% vs $1,870,625 last year
Average Price
$2,247,030
⇧ 2.2% vs $2,199,557 last year
Days on Market
111
⇧ 7.8% vs 103 days last year

Price Per Square Foot

Median $/sqft
$532
⇩ 6.3% vs $568/sqft last year
Median Home Size
3,496 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 120 this year vs 135 last year
  • Days on market: 111 now vs 103 last year

Median & Average Pricing

Year over Year
  • Median: $1,971,250 (+5.4% YoY)
  • Average: $2,247,030 (+2.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 29.1 miles — 632 listings ($732,266,975 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87506Santa Fe, NM 875060.0 mi126$291,316,662$1,990,000$2,312,037
87522Chimayo, NM 8752212.3 mi6$2,722,800$350,000$453,800
87547White Rock, NM 8754713.3 mi32$25,222,752$775,000$788,211
87505Santa Fe, NM 8750514.8 mi135$176,379,120$837,000$1,306,512
87507Santa Fe, NM 8750716.0 mi197$122,979,220$529,000$624,260
87511Alcalde, NM 8751118.5 mi1$145,900$145,900$145,900
87508Santa Fe, NM 8750820.8 mi102$94,888,764$795,000$930,282
87552Pecos, NM 8755222.5 mi10$7,810,000$634,500$781,000
87521Chamisal, NM 8752123.4 mi3$1,604,001$305,000$534,667
87527Dixon, NM 8752724.7 mi2$700,000$350,000$350,000
87083Cochiti Lake, NM 8708325.3 mi12$3,489,756$273,000$290,813
87548Medanales, NM 8754827.3 mi5$4,223,000$699,000$844,600
87732Mora, NM 8773229.1 mi1$785,000$785,000$785,000

Frequently Asked Questions

How many homes are for sale in SANTA FE, NM 87506?

As of February 2026, there are 120 active listings in SANTA FE, NM (zip code 87506), compared to 135 the prior year.

What is the median home price in SANTA FE, NM 87506?

The median listing price in SANTA FE, NM 87506 is $1,971,250 as of February 2026, a 5.4% increase from $1,870,625 the prior year.

How long do homes stay on the market in SANTA FE, NM?

Homes in SANTA FE, NM 87506 spend an average of 111 days on the market before going under contract, compared to 103 days the prior year.

Is it a seller's or buyer's market in SANTA FE, NM 87506?

Based on current inventory and days-on-market data as of February 2026, SANTA FE, NM 87506 is currently a Balanced Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 111 days on market compared to 103 days last year.

How much can I save on real estate commission in SANTA FE, NM?

With SELL123.com's maximum 3% commission, sellers in SANTA FE, NM 87506 save an estimated $39,425 compared to a typical 5% commission on the median listing price of $1,971,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.