$4,869 Closing Credit*
$410,000
1,330 SqFt
2 Beds
•2 Full Baths
Maria A. Martinez, Listing Office: Aurora Real Estate
Is 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
At the same time last year, Santa Fe was a Seller's Market.
Key Takeaway
Santa Fe is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Santa Fe, NM
How much do homes in Santa Fe, NM cost?
Median Sold Price
$617,833
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,815(+0.5%)
Key Takeaway
The sold price of homes in Santa Fe has remained the same since last year.
Summary: The median home sold price in Santa Fe was $617,833 in November 2024, up 0.5% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298.7K | $343.2K | +14.9% |
| 2 Bedrooms | $489.9K | $495.5K | +1.1% |
| 3 Bedrooms | $626.9K | $660.3K | +5.3% |
| 4 Bedrooms | $810K | $825K | +1.9% |
| 5+ Bedrooms | $1.4M | $1.2M | -17.1% |
Summary: Santa Fe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Santa Fe North | $629K | $817.5K | +30.0% |
| Santa Fe | $615K | $617.8K | 0.5% |
| Santa Fe South | $674.8K | $664.8K | -1.5% |
Housing Supply in Santa Fe, NM
How many homes are available in Santa Fe, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 859 | 807 | -6.1% |
Summary: The Santa Fe real estate market had 807 homes for sale in November 2024, a 6.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 44 | 40 | -9.1% |
| 2 Bedrooms | 162 | 147 | -9.3% |
| 3 Bedrooms | 431 | 386 | -10.4% |
| 4 Bedrooms | 162 | 169 | +4.3% |
| 5+ Bedrooms | 60 | 65 | +8.3% |
Summary: The Santa Fe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 159 | 131 | -17.6% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Fe, you may be able to get a good deal. 66.9% of homes here sold below asking price last month.
Summary: A total of 131 homes were sold or pending in Santa Fe in November 2024, down by 17.6% month-over-month. Of the 130 sold homes, 67% were sold under asking, 22% were sold at asking, and 12% were sold over asking.
Days on Market for Santa Fe, NM
How long does it take to sell a home in Santa Fe, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 46 Days | +11.3% |
Summary: Homes in Santa Fe had an average of 46 days on market in Nov 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Fe are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 131 homes were sold in Santa Fe; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. 
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.