Is Santa Fe, NM 87592 a buyer’s or seller’s market?
Santa Fe is a buyer’s market. With about 32 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Santa Fe housing market right now
In the three months ending August 31, 2026, 0% of homes in Santa Fe, NM 87592 sold above their list price, the typical home went under contract in 137 days and there were 32 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (122 days then) and the median sale price rose 7% to $364,842. Overall, Santa Fe is less competitive than a year ago, which gives buyers more room.
Run the numbers for 87592
Where Santa Fe is
Loading map…
Questions about Santa Fe real estate
Is Santa Fe a buyer’s or seller’s market?
A buyer’s market: there were 32 months of supply in Santa Fe, NM 87592 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 137 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 100.0% of the list price.
What is the median home price in Santa Fe?
The median sale price was $364,842 in the three months ending August 31, 2026, about $284 per square foot.
Local agents
See all agents in 87592 →No sponsored agents in 87592 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 87592
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology