3 hours on Rocket
#202503330, Darlene L. Streit, Listing office: Sotheby's Int. RE/Grant
87506 Housing Market Report June 2025•Santa Fe County, New Mexico
Housing Prices in 87506, NM
How much do homes in 87506, NM cost?
Housing Market Conditions
Is 87506, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
87506 is a Buyer's Market
Difference Since June 2024
At the same time last year, 87506 was a Seller's Market.
Insight
87506 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$1,456,287$492/SqFt
+$131,287
+9.9%
Based on all homes sold in the last 12 months
Insight
Homes in 87506 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 87506 was $1,456,287 in June 2025, up 9.9% from last year, and the median price per square foot was $492.
Median Sold Price By Bedrooms
| Beds | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $415K | $891K | +114.7% |
| 22 Bedrooms | $640K | $713.5K | +11.5% |
| 33 Bedrooms | $1.2M | $1.4M | +16.1% |
| 44 Bedrooms | $1.7M | $1.6M | -1.1% |
| 55+ Bedrooms | $1.8M | $2.2M | +22.3% |
Summary: 87506 housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes increased by +114.7%. The home price for 2 bedroom homes increased by +11.5%. The home price for 3 bedroom homes increased by +16.1%. The home price for 4 bedroom homes decreased by -1.1%. The home price for 5 bedroom homes increased by +22.3%.
How does 87506, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
87506, NM
Housing supply in 87506, NM
How many homes are available in 87506, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 181Last MonthJun 2025 | ||
| 1762 months agoMay 2025 | +2.8 % Change MoMMay – Jun |
Summary: The 87506 real estate market had 181 homes for sale in Jun 2025, a 2.8 % increase compared to May 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthJun 2025 | ||
| 182 months agoMay 2025 | 0.0 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
| Beds | May 2025 | Jun 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 1 | -50.0% |
| 22 Bedrooms | 18 | 17 | -5.6% |
| 33 Bedrooms | 95 | 98 | +3.2% |
| 44 Bedrooms | 38 | 41 | +7.9% |
| 55+ Bedrooms | 23 | 24 | +4.3% |
Summary: 87506 housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -5.6%. The inventory for 3 bedroom homes increased by +3.2%. The inventory for 4 bedroom homes increased by +7.9%. The inventory for 5 bedroom homes increased by +4.3%.
Asking Price vs. Sold Price
How much do homes in 87506, NM cost?
Over Asking Price4 Homes
At Asking Price5 Homes
Under Asking Price9 Homes
Insight
If you're buying a home in 87506, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 87506 in June 2025, the same as the previous month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and and 22% were sold over asking.
Days on Market for 87506, NM
How long does it take to sell a home in 87506, NM?
Breakdown of Home Sale Times
Under 30 Days12 Homes
30 – 90 Days2 Homes
Over 90 Days4 Homes
Insight
Many homes in 87506 are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 18 homes were sold in 87506; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 37 DaysThis YearJun 2025 | ||
| 54 Days1 year agoJun 2024 | -30.2 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in 87506 had an average listing age of 37 days in Jun 2025, down by 30.2% 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 87506, NM
What homes are available in 87506, NM?
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 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: 7/23/2025, 4:45:32 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: 7/23/2025, 4:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.