Santa Fe, NM
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
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The Santa Fe market is currently Cooling, with a pending ratio of 0.38 indicating that demand absorption is moderate relative to available supply. While the median listing price has increased 5.7% year-over-year, this is set against a backdrop of contracting inventory.
What's moving the Santa Fe market right now.
Active listings have decreased by 4.9% year-over-year, and new listings have seen a substantial 17.1% decline over the same period. Despite this, the pending ratio, currently at 0.38, suggests that the pace of properties going under contract is not sufficiently robust to create significant upward pressure. Median days on market have decreased by 7.0% year-over-year, indicating some velocity, but the overall market dynamic points to a softening condition.
“Local pricing and inventory dynamics across Santa Fe shift block by block — happy to walk through what's actually closing.”
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
In a Cooling environment, negotiating leverage begins to shift, with buyers potentially having more opportunities to exercise price discipline. The pace of transactions, although showing some acceleration in terms of days on market, is not translating into strong inventory absorption. This suggests that while properties are moving, sellers may need to approach pricing strategically to attract offers.
No distinct luxury-segment signal in this dataset.
675 active listings represent the current floor, with new supply arriving at roughly 252 per month.
of active listings carry a price reduction, +0.3% from prior period.
Median price per square foot has moved -1.3% year-over-year.
Pending-to-active ratio — Cooling.
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Metro Demographics
ZIPs in Santa Fe, NM
87501
santa fe
$893K
134 active · 65 DOM
87506
santa fe
$1.95M
129 active · 58 DOM
87505
santa fe
$855K
119 active · 42 DOM
87507
santa fe
$553K
115 active · 51 DOM
87508
santa fe
$799K
107 active · 50 DOM
87571
taos
$594K
106 active · 72 DOM
87557
ranchos de taos
$695K
49 active · 113 DOM
87532
espanola
$433K
34 active · 61 DOM
87529
el prado
$537K
33 active · 91 DOM
87558
red river
$605K
31 active · 76 DOM
87520
chama
$400K
25 active · 123 DOM
87556
questa
$343K
22 active · 75 DOM
87547
white rock
$762K
18 active · 73 DOM
87525
taos ski valley
$595K
14 active · 188 DOM
87544
los alamos
$685K
14 active · 29 DOM
87514
arroyo seco
$1.27M
12 active · 112 DOM
87551
los ojos
$350K
11 active · 145 DOM
87577
tres piedras
$433K
10 active · 261 DOM
Sorted by active inventory · click a ZIP for its full report
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