Is Santa Fe, NM 87509 a buyer’s or seller’s market?
Santa Fe is a seller’s market. With about 3.2 months of supply and 0% 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.
The Santa Fe housing market right now
In the three months ending August 31, 2026, 0% of homes in Santa Fe, NM 87509 sold above their list price, the typical home went under contract in 10 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
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Where Santa Fe is
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Questions about Santa Fe real estate
Is Santa Fe a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Santa Fe, NM 87509 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 Santa Fe?
The typical home went under contract in 10 days in the latest three months.
Do homes in Santa Fe sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.
What is the median home price in Santa Fe?
The median sale price was $845,634 in the three months ending August 31, 2026, about $299 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology