Market Intelligence · NM / Santa Fe

Santa Fe, NM 87506 Housing Market

The typical home value in Santa Fe's 87506 ZIP code is $1,107,870, up 1.4% over the past year. The median list price sits at $1,904,400, and homes are taking a median of 69 days on market as of June 2026.

Updated June 2026Median value$1108K

The median home value in Santa Fe, NM 87506 is $1.11M as of June 2026, up 1.4% 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 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

+1.4% over 12 months

Typical home value in 87506 over the last 12 months: $1.09M in Jun 2025 to $1.11M in Jun 2026 (+1.4%).

Jun 2025$1.09M

Jun 2026$1.11M

The numbers

What is the 87506 housing market like?

Typical home value

$1.11M

Up1.4%YoY

Median list price

$1.9M

Days on market

69

Down34.3%MoM

Homes for sale

148

Price cuts

15.7%

New listings

42

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

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The comparison

How do 87506 home prices compare?

  • 87506$1,107,870
  • 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 148 homes for sale in 87506, with 42 new listings added recently. The typical home value is $1,107,870, up 1.4% over the past year, while the median list price is much higher at $1,904,400. Homes are spending a median of 69 days on market, and 15.7% of listings have had a price cut. For sellers, the market is steady but patient, so pricing carefully and preparing for a longer timeline makes sense.

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