$9,773 Closing Credit*
$823,000
1,071 SqFt
2 Beds
•2 Full Baths
Buneesa Terry, Listing Office: Real Broker LLC
Is Downtown Santa Fe, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Downtown Santa Fe has remained a Seller's Market.
Key Takeaway
Downtown Santa Fe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Downtown Santa Fe, NM
How much do homes in Downtown Santa Fe, NM cost?
Median Sold Price
$620,000
$526/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,447(+3.8%)
Key Takeaway
Homes in Downtown Santa Fe have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Downtown Santa Fe was $620,000 in November 2024, up 3.8% from last year, and the median price per square foot was $526.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $415K | -7.8% |
| 2 Bedrooms | $670.2K | $622.5K | -7.1% |
| 3 Bedrooms | $613.5K | $742.5K | +21.0% |
| 4 Bedrooms | $350K | $1.4M | +300.0% |
| 5+ Bedrooms | - | $575K | N/A |
Summary: Downtown Santa Fe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 300%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Historic Guadalupe | $525K | $615K | +17.1% |
| Downtown Santa Fe | $597.5K | $620K | +3.8% |
Housing Supply in Downtown Santa Fe, NM
How many homes are available in Downtown Santa Fe, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Downtown Santa Fe real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown Santa Fe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Santa Fe, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Downtown Santa Fe in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Santa Fe, NM
How long does it take to sell a home in Downtown Santa Fe, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 60 Days | +263.9% |
Summary: Homes in Downtown Santa Fe had an average of 60 days on market in Nov 2024, up by 263.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downtown Santa Fe has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Downtown Santa Fe; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.