Market Intelligence · NM / Santa Fe

Santa Fe, NM 87505 Housing Market

The typical home value in Santa Fe, NM 87505 is $562,269 as of September 2026, up 0.5% over the past year. The median list price is $799,250 and the median days on market is 80.

Updated September 2026Median value$562K

The median home value in Santa Fe, NM 87505 is $562K as of September 2026, up 0.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 87505 range

$517K to $607K

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

+0.5% over 12 months

Sep 2025$559K

Low $559KHigh $564K

Sep 2026$562K

The numbers

What is the 87505 housing market like?

As of September 2026

Typical home value

$562K

0.5%YoY

Median list price

$799K

4.9%MoM

Days on market

12.7%MoM

Homes for sale

161

6.9%MoM

Price cuts

25.9%

9.7%MoM

New listings

32.1%MoM

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

The outlook

87505 housing market forecast 2027

+1.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 87505 to rise 1.2% by September 2027.

Over the 12 months through September 2026, typical home values in 87505 rose 0.5%, per the Zillow Home Value Index.

Will home prices drop in 87505?

Zillow's forecast does not call for a drop: it expects typical home values in 87505 to rise 1.2% by September 2027, after a 0.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 87505 home prices compare?

87505$562,269
Santa Fe$643,401
New Mexico$276,177
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Santa Fe: 5 ZIPs; New Mexico: 153 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 161 homes for sale in Santa Fe, NM 87505, with 38 new listings. The median list price is $799,250 while the typical home value is $562,269, up 0.5% over the past year. Homes are taking a median of 80 days to sell, and 25.9% of listings have taken a price cut. Buyers have time to compare, and sellers should be realistic about pricing from the start.

Monthly payment

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Home price

Down payment20% · $112,454

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Common questions

What people ask us.

How much is a home in 87505 worth?

The typical home value in Santa Fe, NM 87505 is $562,269 as of September 2026, up 0.5% over the past year.

How long does it take to sell a home in 87505?

The median days on market is 80 as of September 2026.

How many homes are for sale in 87505?

There are 161 homes for sale as of September 2026, with 38 new listings.

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Nearby ZIP markets.

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