9 hours on Rocket3D tour
$7,066 Closing Credit¹
#202500811, Caroline Rohrlich, Listing Office: Sotheby's Int. RE/Washington
87505 Housing Market Report February 2025•Santa Fe County, New Mexico
Housing Prices in 87505, NM
How much do homes in 87505, NM cost?
Housing Market Conditions
Is 87505, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
87505 is a Seller's Market
Difference Since February 2024
Since last year, 87505 has remained a Seller's Market.
Insight
87505 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$592,000$375/SqFt
-$11,333
-1.9%
Based on all homes sold in the last 12 months
Insight
Homes in 87505 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 87505 was $592,000 in February 2025, down 1.9% from last year, and the median price per square foot was $375.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $288.1K | $345K | +19.7% |
| 22 Bedrooms | $495K | $488K | -1.4% |
| 33 Bedrooms | $697.5K | $635K | -9.0% |
| 44 Bedrooms | $799.5K | $940K | +17.6% |
| 55+ Bedrooms | $1.4M | $1.1M | -20.4% |
Summary: 87505 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +19.7%. The home price for 2 bedroom homes decreased by -1.4%. The home price for 3 bedroom homes decreased by -9.0%. The home price for 4 bedroom homes increased by +17.6%. The home price for 5 bedroom homes decreased by -20.4%.
How does 87505, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
87505, NM
Housing supply in 87505, NM
How many homes are available in 87505, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 166Last MonthFeb 2025 | ||
| 1782 months agoJan 2025 | -6.7 % Change MoMJan – Feb |
Summary: The 87505 real estate market had 166 homes for sale in Feb 2025, a 6.7 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 39Last MonthFeb 2025 | ||
| 322 months agoJan 2025 | +21.9 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 16 | 18 | +12.5% |
| 22 Bedrooms | 38 | 29 | -23.7% |
| 33 Bedrooms | 73 | 69 | -5.5% |
| 44 Bedrooms | 40 | 34 | -15.0% |
| 55+ Bedrooms | 11 | 16 | +45.5% |
Summary: 87505 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +12.5%. The inventory for 2 bedroom homes decreased by -23.7%. The inventory for 3 bedroom homes decreased by -5.5%. The inventory for 4 bedroom homes decreased by -15.0%. The inventory for 5 bedroom homes increased by +45.5%.
Asking Price vs. Sold Price
How much do homes in 87505, NM cost?
Over Asking Price3 Homes
At Asking Price7 Homes
Under Asking Price29 Homes
Insight
If you're buying a home in 87505, you may be able to get a good deal. 74.4% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 87505 in February 2025, up by 21.9% month-over-month. Of the 39 sold homes, 74% were sold under asking, 18% were sold at asking, and and 8% were sold over asking.
Days on Market for 87505, NM
How long does it take to sell a home in 87505, NM?
Breakdown of Home Sale Times
Under 30 Days14 Homes
30 – 90 Days15 Homes
Over 90 Days10 Homes
Insight
Avg time on Rocket Homes in 87505 has remained consistent over time.
Summary: During February 2025, 39 homes were sold in 87505; 36% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 67 DaysThis YearFeb 2025 | ||
| 21 Days1 year agoFeb 2024 | +211.6 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 87505 had an average listing age of 67 days in Feb 2025, up by 211.6% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in 87505, NM
What homes are available in 87505, NM?
12 hours on Rocket
$6,947 Closing Credit¹
#202500981, Leea L. Musser, Listing Office: Sotheby's Int. RE/Washington
1 day on Rocket
$10,000 Closing Credit¹
#202500690, Alexander E. Nettey, Listing Office: Barker Realty, LLC
1 day on Rocket
$10,000 Closing Credit¹
#202500724, Tara S. Earley, Emily Garcia, Listing Office: Sotheby's Int. RE/Washington
2 days on Rocket3D tour
$10,000 Closing Credit¹
#202500925, Neil D. Lyon, The Lyon Group, Listing Office: Sotheby's Int. RE/Grant
2 days on Rocket
$7,422 Closing Credit¹
#202500950, Darlene L. Streit, Listing Office: Sotheby's Int. RE/Grant
2 days on Rocket
$6,519 Closing Credit¹
#202500411, Matthew A. Tootelian, Listing Office: Barker Realty, LLC
3 days on Rocket
$5,463 Closing Credit¹
#202500820, Lori V. Montoya, Listing Office: Barker Realty, LLC
3 days on Rocket
#202500783, Ted A. Rivera, Listing Office: Santa Fe Properties
3 days on Rocket
#202500833, Gavin Sayers, Listing Office: Santa Fe Properties/Washington
3 days on Rocket3D tour
$10,000 Closing Credit¹
#202500413, Mary Guzman, Gretchen Walther, Listing Office: Barker Realty, LLC
3 days on Rocket
$10,000 Closing Credit¹
#202500701, Maria E. Borden, Listing Office: Maria Borden Concierge RE, LLC
Popular Cities with Homes for Sale in New Mexico
- Homes for sale in Albuquerque, NM
- Homes for sale in Anthony, NM
- Homes for sale in Belen, NM
- Homes for sale in Bernalillo, NM
- Homes for sale in Cerrillos, NM
- Homes for sale in Corrales, NM
- Homes for sale in Edgewood, NM
- Homes for sale in Espanola, NM
- Homes for sale in Los Lunas, NM
- Homes for sale in Moriarty, NM
- Homes for sale in Placitas, NM
- Homes for sale in Rio Rancho, NM
- Homes for sale in Sandia Park, NM
- Homes for sale in Santa Fe, NM
- Homes for sale in Tijeras, NM
MLS Disclaimers and Copyright
Based on information from Santa Fe MLS, and Southwest Multiple Listing Service for the period 03/01/2023 - 03/01/2025
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. Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.