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Is Santa Fe, NM 87506 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Santa Fe is a buyer’s market. With about 6.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.8Under 4 months = seller’s market

Sold above original list5.8%Share of sales, last 3 months

Median sale-to-list95.5%Sold price ÷ list price

Median days on market62Listing to accepted offer

Median price per sq ft$464▼ −2.5% vs. last year

Run the numbers for 87506

Prefilled for 87506Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87506Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cerrillos 87010Buyer’s market $208 /sq ft Chimayo 87522Seller’s market $95 /sq ft Edgewood 87015Seller’s market $251 /sq ft Glorieta 87535Buyer’s market $303 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology