Is Edgewood, NM 87015 a buyer’s or seller’s market?
Edgewood is a seller’s market. With about 3.7 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 29% of U.S. ZIP codes, and #32 of 51 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Edgewood housing market right now
In the three months ending August 31, 2026, 14% of homes in Edgewood, NM 87015 sold above their list price, the typical home went under contract in 49 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 37 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (57 days then) and the median sale price fell 5% to $452,304. Overall, Edgewood is more competitive than a year ago, so tougher for buyers.
Within Santa Fe County, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Edgewood ranks #32 of 51 NM ZIP codes with enough sales (score 32 out of 100).
Nearby, buyers who want less competition could look at Santa Cruz 87567 (0% sold over asking) or Glorieta 87535 (0% sold over asking).
Run the numbers for 87015
Nearby markets
Cerrillos 87010Buyer’s market $208 /sq ftChimayo 87522Seller’s market $95 /sq ftGlorieta 87535Buyer’s market $303 /sq ftLamy 87540Balanced $400 /sq ft Browse all markets →Towns like Edgewood nearby
Find towns like Edgewood in other states →Where Edgewood is
Loading map…
Questions about Edgewood real estate
Is Edgewood a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Edgewood, NM 87015 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Edgewood?
The typical home went under contract in 49 days in the latest three months.
Do homes in Edgewood sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Edgewood?
About 0.48% of a home’s value a year in Santa Fe County, or roughly $1,920 on a $400,000 home.
What is the median home price in Edgewood?
The median sale price was $452,304 in the three months ending August 31, 2026, about $251 per square foot.
Local agents
See all agents in 87015 →No sponsored agents in 87015 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 87015
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology