Is Santa Fe, NM 87501 a buyer’s or seller’s market?
Santa Fe is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Competition score20/ 100
More competitive than 14% of U.S. ZIP codes, and #42 of 51 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply5.1Under 4 months = seller’s market
Sold above original list9.1%Share of sales, last 3 months
Median sale-to-list97.1%Sold price ÷ list price
Median days on market61Listing to accepted offer
Median price per sq ft$480▼ −3.5% vs. last year
Run the numbers for 87501
Nearby markets
Cerrillos 87010Buyer’s market $208 /sq ftChimayo 87522Seller’s market $95 /sq ftEdgewood 87015Seller’s market $251 /sq ftGlorieta 87535Buyer’s market $303 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology