Market Conditions Report

Santa Fe, NM 87508

Single-Family Homes

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Santa Fe, NM 87508

Mon Jun 21 2021
This week the median list price for Santa Fe, NM 87508 is $749,900 with the market action index hovering around 79. This is about the same as last month's market action index of 79. Inventory has increased to 33. Click here to stay informed with the Santa Fe market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Santa Fe, NM 87508

Mon Jun 21 2021
This week the median list price for Santa Fe, NM 87508 is $749,900 with the market action index hovering around 79. This is about the same as last month's market action index of 79. Inventory has increased to 33. Click here to stay informed with the Santa Fe market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Santa Fe market.
Median List Price $749,900
Median Price of New Listings $525,000
Per Square Foot $301
Average Days on Market 65
Median Days on Market 21
Price Decreased 15%
Price Increased 3%
Relisted 3%
Inventory 33
Median Rent
Market Action 79
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,635,000 3,584 2.5 - 5 acres 3 4 23 0 0 21
$973,250 2,638 2.5 - 5 acres 3 3 19 1 1 21
$692,000 2,350 1 - 2.5 acres 3 3 7 2 1 14
$459,000 1,839 1 - 2.5 acres 3 2 30 5 3 7