Market Intelligence · NM / Santa Fe

Santa Fe, NM 87508 Housing Market

The typical home value in Santa Fe's 87508 is $657,062, up 0.4% over the past year. The median list price sits at $786,750, and homes are taking a median of 54 days on market as of June 1, 2026.

Updated June 2026Median value$657K

The median home value in Santa Fe, NM 87508 is $657K 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 87508 range

$604K to $710K

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 87508 over the last 12 months: $654K in Jun 2025 to $657K in Jun 2026 (+0.4%).

Jun 2025$654K

Jun 2026$657K

The numbers

What is the 87508 housing market like?

Typical home value

$657K

Up0.4%YoY

Median list price

$787K

Days on market

54

Down3.6%MoM

Homes for sale

111

Price cuts

19.2%

New listings

48

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

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The comparison

How do 87508 home prices compare?

  • 87508$657,062
  • 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 111 homes for sale in 87508, with 48 new listings added recently. The median list price is $786,750, while the typical home value is $657,062, up 0.4% over the past year. Homes are taking a median of 54 days to sell, and 19.2% of listings have had a price cut. For sellers, this points to a slower, steadier market where realistic pricing matters more than expecting a quick sale.

Monthly payment

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20% · $131,412

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