Home ValuePros

Market Intelligence · NM / Santa Fe

Santa Fe, NM 87505 Housing Market

The typical home value in Santa Fe, NM 87505 is $575,314, up 0.7% over the past year. Homes listed in the area carry a median price of $840,000 and spend 71 days on market before sale.

Updated August 2026Median value$568K

The median home value in Santa Fe, NM 87505 is $568K as of August 2026, up 0.7% 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

$522K to $613K

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

+0.7% over 12 months

Typical home value in 87505 over the last 12 months: $564K in Aug 2025 to $568K in Aug 2026 (+0.7%).

Aug 2025$564K

Aug 2026$568K

The numbers

What is the 87505 housing market like?

Typical home value

$568K

Up0.7%YoY

Median list price

$840K

Down1.4%MoM

Days on market

71

Up20.3%MoM

Homes for sale

173

Up2.4%MoM

Price cuts

23.6%

Down6.9%MoM

New listings

56

Up55.6%MoM

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

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The comparison

How do 87505 home prices compare?

  • 87505$567,930
  • 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

There are 173 homes for sale in 87505 as of August 2026, with 56 new listings hitting the market. The median time to sale stands at 71 days. Price cuts are affecting 23.6% of listings, suggesting sellers may need to adjust expectations or wait longer to find a buyer at their initial asking price. The modest 0.7% annual appreciation indicates a stable but not rapidly appreciating market. Sellers should be realistic about pricing and prepared for a measured sales timeline.

Monthly payment

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20% · $113,586

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