Market Intelligence · NM / Santa Fe

Santa Fe, NM 87506 Housing Market

The typical home value in Santa Fe 87506 is $1,116,930, up 1.5% over the past year. The median list price stands at $1,950,000, with homes staying on the market for a median of 86 days.

Updated August 2026Median value$1108K

The median home value in Santa Fe, NM 87506 is $1.11M as of August 2026, up 1.8% 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 87506 range

$1.02M to $1.2M

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

+1.8% over 12 months

Typical home value in 87506 over the last 12 months: $1.09M in Aug 2025 to $1.11M in Aug 2026 (+1.8%).

Aug 2025$1.09M

Aug 2026$1.11M

The numbers

What is the 87506 housing market like?

Typical home value

$1.11M

Up1.8%YoY

Median list price

$1.95M

Flat0.0%MoM

Days on market

86

Up26.5%MoM

Homes for sale

148

Flat0.0%MoM

Price cuts

14.7%

Down3.4%MoM

New listings

28

Up27.3%MoM

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

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The comparison

How do 87506 home prices compare?

  • 87506$1,107,802
  • 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 87506 has 148 homes for sale as of August 2026, with 28 new listings entering the market. The median list price of $1,950,000 reflects the area's upscale positioning, though homes are taking time to move at a median of 86 days on market. About 14.7% of current listings carry a price cut, which suggests some sellers are testing the market's appetite. For sellers considering a move, the slow absorption and price adjustments indicate a cautious buyer environment despite year-over-year appreciation.

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