Santa Fe, NM Home Values & Market Trends
Real estate market trends reflect that there have been 1,946 transactions over the past year in Santa Fe. The median value for residential home transactions that occurred over the previous year is $540,893.14. The number of current listings in Santa Fe is 88, and the percentage of properties for sale in the city is 88.00%. Santa Fe, NM currently has 23 properties in foreclosure, 8 bank owned properties, 4 properties headed for auction, and 88 properties for sale.
Santa Fe, NM Real Estate Market Overview
Housing Market Summary for Santa Fe, NM
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $627.5K | $576.7K | -8.10% |
| Median Sold Price | $540K | $576.7K | 6.79% |
| Homes For Sale | 66 | 88 | 33.33% |
| Homes Sold | 1,050 | 1,042 | -0.76% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Santa Fe, NM
Browse Homes in Santa Fe, NM
Santa Fe home values range from $26,253 to $21,146,153. The median estimated value of a home in Santa Fe is $540,893.14. The median list price of a home is 572,000, and the total count of properties in the city is 58,195.
- Pre-ForeclosurePre-foreclosure homes account for 0.02% of all residential properties in Santa Fe, NM with 87507 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Santa Fe, NM; of those zips, the estimated home value for pre-foreclosure homes ranges from $557,250 in 87501 to the lowest home value of $155,259 in 87507.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Santa Fe, NM ranges from the highest value of $835,082 in 87501 to the lowest value of $225,211 in 87506. Bank owned homes and properties account for 0.01% of properties in Santa Fe, NM. There are 5 zips within Santa Fe, NM; 87501 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions87507 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Santa Fe, NM. Auction homes and other auction properties account for 0.01% of all properties in Santa Fe, NM. There are 5 zips within Santa Fe, NM; of those zips, the median estimated home value for homes going to auction ranges from $489,169 in 87508 to the lowest value of $413,500 in 87508.
Compare Nearby Cities
More Real Estate Resources for Santa Fe, NM
Guide for Santa Fe, NM
This article describes the fluctuating real estate market of Santa Fe and neighboring cities from July 2023 to March 2024, focusing on property values, sale prices, and number of sold homes.
Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
Information on foreclosure financing, refinancing, and foreclosure mortgages.
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