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Featured local agent — Santa Fe, NM
Sarah Mitchell
Compass Real Estate · Santa Fe, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Santa Fe, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$547,500median sale price
How is the Santa Fe, NM housing market right now?
The median home sale price in Santa Fe, NM is $547,500, down 3.2% year-over-year. Homes sell in an average of 55 days with 434 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Santa Fe a buyer's or seller's market?
Santa Fe, NM is currently a balanced market, based on 3.7 months of supply and homes selling in about 55 days. How we determine this →
Homes sold
118
Last 12 weeks
Days on market
55
Average pace
Active listings
434
3.7 months supply
Sale-to-list
98.2%
Below asking
What does the Santa Fe housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $547,500 |
| Median list price | $685,000 |
| Year-over-year price change | -3.2% |
| Average days on market | 55 days |
| Active inventory | 434 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $339/sq ft |
| Homes sold (latest month) | 118 |
| New listings (latest month) | 141 |
| Listings with a price cut | 25.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Santa Fe by property type?
How the Santa Fe, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $600,000 | $331/sq ft | 81 | 49 days |
| Condo / Co-op | $422,565 | $408/sq ft | 24 | 73 days |
| Townhouse | $449,000 | $338/sq ft | 13 | 48 days |
Source: Redfin · Updated monthly
The Santa Fe housing market is currently classified as a balanced market with a median sale price of $547,500. Prices have fallen 3.2% compared to last year, with homes spending an average of 55 days on market, indicating 3.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 8.4x provides context for how home values compare to local earning capacity.
Homes for sale in Santa Fe
There are currently 434 homes listed for sale in Santa Fe, New Mexico. The median listing price is $685K.
Active listings
434
Homes on market
Median list price
$685K
Avg. days on market
55
Days until sale
New this week
141
Newly listed
Who lives in Santa Fe?
Population
88,224
Median income
$70,110/yr
Median age
46.4 years
Owner-occupied
62.8%
College grads
45.4%
Avg commute
20.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Santa Fe?
Zillow home value
$589,611
Zillow rent index
$1,932/mo
Price-to-rent ratio
25.4x
Price-to-income
8.4x
Source: Zillow Research
What is it like to live in Santa Fe?
Santa Fe is a community of approximately 88K residents with a median age of 46.4 years.The median household income is $70,110, which represents a working-class community with solid middle-income opportunities. 45.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.8%, showing a blend of owner and renter-occupied properties. The average commute time is 20.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Santa Fe offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Santa Fe?
43 schools tracked · 17,136 students
The largest public schools serving Santa Fe, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
SANTA FE HIGH
Grades 9-12 · 1,599 students
NEW MEXICO CONNECTIONS ACADEMY
Grades 4-12 · 1,410 students
CAPITAL HIGH
Grades 9-12 · 1,376 students
EL CAMINO REAL ACADEMY COMMUNITY
Grades PK-8 · 715 students
Santa Fe Indian School
Grades 7-12 · 680 students
TURQUOISE TRAIL CHARTER SCHOOL
Grades PK-8 · 656 students
NINA OTERO COMMUNITY SCHOOL
Grades PK-8 · 644 students
POJOAQUE HIGH
Grades 9-12 · 593 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Santa Fe, NM?
Want a head-to-head view? Compare Santa Fe side-by-side with any other U.S. city using our market-comparison tool.
Is Santa Fe a good real estate investment market?
For investors evaluating Santa Fe, the price-to-rent ratio of 25.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Santa Fe's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Santa Fe's median home price.
Frequently asked questions
What is the average home price in Santa Fe?
The median home sale price in Santa Fe is $547,500, down 3.2% from last year.
How long do homes stay on market in Santa Fe?
Homes typically spend 55 days on market before going under contract.
What is the median income in Santa Fe?
The median household income is $70,110 per year.
Is Santa Fe a buyer's or seller's market?
With 3.7 months of supply, Santa Fe is currently a balanced market.
What is the Zillow home value estimate for Santa Fe?
The Zillow Home Value Index (ZHVI) for Santa Fe is $589,611, representing the typical home value in the area.
What is the median condo price in Santa Fe?
The median condo/co-op sale price in Santa Fe, NM is $422,565, compared to $600,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Santa Fe?
The median single-family home price in Santa Fe, NM is $600,000 (about $331 per square foot).
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