Market Intelligence · NM / Santa Fe

Santa Fe, NM 87505 Housing Market

The typical home value in Santa Fe's 87505 is $573,161, up 0.4% over the past year. The median list price sits at $865,000, and homes are taking a median of 51 days on market as of June 2026.

Updated June 2026Median value$573K

The median home value in Santa Fe, NM 87505 is $573K as of June 2026, up 0.4% 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 87505 range

$527K to $619K

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

+0.4% over 12 months

Typical home value in 87505 over the last 12 months: $571K in Jun 2025 to $573K in Jun 2026 (+0.4%).

Jun 2025$571K

Jun 2026$573K

The numbers

What is the 87505 housing market like?

Typical home value

$573K

Up0.4%YoY

Median list price

$865K

Days on market

51

Down2.9%MoM

Homes for sale

153

Price cuts

18.1%

New listings

60

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 87505 home prices compare?

  • 87505$573,161
  • Santa Fe$657,062
  • New Mexico$279,729
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Santa Fe: 5 ZIPs; New Mexico: 154 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 153 homes for sale in 87505, with 60 new listings adding to the mix. The median list price is $865,000, well above the typical home value of $573,161, which reflects a spread between what sits on the market and what a broad basket of homes is worth. That typical value is up 0.4% over the past year, close to flat. With a median of 51 days on market, homes are not moving quickly. Sellers should price carefully and expect a steady rather than rushed sale.

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