Home ValuePros

Market Intelligence · NM / Santa Fe

Santa Fe, NM 87501 Housing Market

A typical home in Santa Fe 87501 is valued at $750,722, up 1.8% over the past year. The median list price sits at $899,000, with homes spending 74 days on market before selling.

Updated August 2026Median value$737K

The median home value in Santa Fe, NM 87501 is $737K as of August 2026, up 2.0% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 87501 range

$678K to $796K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.0% over 12 months

Typical home value in 87501 over the last 12 months: $722K in Aug 2025 to $737K in Aug 2026 (+2.0%).

Aug 2025$722K

Aug 2026$737K

The numbers

What is the 87501 housing market like?

Typical home value

$737K

Up2.0%YoY

Median list price

$899K

Down2.0%MoM

Days on market

74

Up2.8%MoM

Homes for sale

148

Flat0.0%MoM

Price cuts

22.7%

Up22.6%MoM

New listings

36

Down14.3%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 87501 home prices compare?

  • 87501$736,756
  • Santa Fe$647,966
  • New Mexico$282,082
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Santa Fe: 5 ZIPs; New Mexico: 153 ZIPs; United States: 26,265 ZIPs).

Context

Santa Fe 87501 has 148 homes for sale, with 36 new listings added recently. The median list price is $899,000 and homes typically spend 74 days on market. Price cuts appear on 22.7% of listings, suggesting some sellers are adjusting to market conditions. While the underlying value trend remains positive at 1.8% growth year over year, the pace of sales and prevalence of price adjustments suggest a slower-moving market than usual.

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20% · $147,351

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