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#202502918, Ayden L. Gramm, Listing office: Santa Fe Properties
87505 Housing Market Report June 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 Buyer's Market
Difference Since June 2024
At the same time last year, 87505 was a Seller's Market.
Insight
87505 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$589,000$368/SqFt
-$16,000
-2.6%
Based on all homes sold in the last 12 months
Insight
Homes in 87505 have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in 87505 was $589,000 in June 2025, down 2.6% from last year, and the median price per square foot was $368.
Median Sold Price By Bedrooms
| Beds | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $318.9K | $319K | 0.0% |
| 22 Bedrooms | $515K | $480K | -6.8% |
| 33 Bedrooms | $685K | $627K | -8.5% |
| 44 Bedrooms | $1.0M | $865K | -13.5% |
| 55+ Bedrooms | $895K | $1.2M | +43.6% |
Summary: 87505 housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -6.8%. The home price for 3 bedroom homes decreased by -8.5%. The home price for 4 bedroom homes decreased by -13.5%. The home price for 5 bedroom homes increased by +43.6%.
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 |
|---|---|---|
| 223Last MonthJun 2025 | ||
| 2042 months agoMay 2025 | +9.3 % Change MoMMay – Jun |
Summary: The 87505 real estate market had 223 homes for sale in Jun 2025, a 9.3 % increase compared to May 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 29Last MonthJun 2025 | ||
| 362 months agoMay 2025 | -19.4 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
| Beds | May 2025 | Jun 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 17 | 21 | +23.5% |
| 22 Bedrooms | 57 | 54 | -5.3% |
| 33 Bedrooms | 79 | 88 | +11.4% |
| 44 Bedrooms | 40 | 47 | +17.5% |
| 55+ Bedrooms | 11 | 13 | +18.2% |
Summary: 87505 housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +23.5%. The inventory for 2 bedroom homes decreased by -5.3%. The inventory for 3 bedroom homes increased by +11.4%. The inventory for 4 bedroom homes increased by +17.5%. The inventory for 5 bedroom homes increased by +18.2%.
Asking Price vs. Sold Price
How much do homes in 87505, NM cost?
Over Asking Price1 Home
At Asking Price5 Homes
Under Asking Price23 Homes
Insight
If you're buying a home in 87505, you may be able to get a good deal. 79.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 87505 in June 2025, down by 19.4% month-over-month. Of the 29 sold homes, 79% were sold under asking, 17% were sold at asking, and and 3% 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 Days16 Homes
30 – 90 Days10 Homes
Over 90 Days3 Homes
Insight
Many homes in 87505 are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 29 homes were sold in 87505; 55% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 54 DaysThis YearJun 2025 | ||
| 20 Days1 year agoJun 2024 | +159.4 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in 87505 had an average listing age of 54 days in Jun 2025, up by 159.4% compared to the previous year.
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Newest Listings in 87505, NM
What homes are available in 87505, NM?
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MLS Disclaimers and Copyright
Based on information from Santa Fe MLS, and Southwest Multiple Listing Service for the period 07/01/2023 - 07/01/2025
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: 7/24/2025, 3:45:30 PM 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: 7/24/2025, 3:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.