New - 3 hours on Rocket3D tour
$4,809 Closing Credit¹
Rico Lopez, Listing Office: Homewise, Inc
87507 Housing Market Report December 2024•Santa Fe County, New Mexico
Housing Prices in 87507, NM
How much do homes in 87507, NM cost?
Housing Market Conditions
Is 87507, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
87507 is a Seller's Market
Difference Since December 2023
Since last year, 87507 has remained a Seller's Market.
Insight
87507 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$467,958$312/SqFt
+$2,125
0.5%
Based on all homes sold in the last 12 months
Insight
The sold price of homes in 87507 has remained the same since last year.
Summary: The median home sold price in 87507 was $467,958 in December 2024, up 0.5% from last year, and the median price per square foot was $312.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $253K | $275K | +8.7% |
| 22 Bedrooms | $375K | $395K | +5.3% |
| 33 Bedrooms | $483.9K | $480K | -0.8% |
| 44 Bedrooms | $530.8K | $517K | -2.6% |
| 55+ Bedrooms | $905.5K | $825K | -8.9% |
Summary: 87507 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +8.7%. The home price for 2 bedroom homes increased by +5.3%. The home price for 3 bedroom homes decreased by -0.8%. The home price for 4 bedroom homes decreased by -2.6%. The home price for 5 bedroom homes decreased by -8.9%.
Housing supply in 87507, NM
How many homes are available in 87507, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 158Last MonthDec 2024 | ||
| 1752 months agoNov 2024 | -9.7 % Change MoMNov – Dec |
Summary: The 87507 real estate market had 158 homes for sale in Dec 2024, a 9.7 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 41Last MonthDec 2024 | ||
| 282 months agoNov 2024 | +46.4 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 4 | 0.0% |
| 22 Bedrooms | 29 | 25 | -13.8% |
| 33 Bedrooms | 104 | 98 | -5.8% |
| 44 Bedrooms | 31 | 26 | -16.1% |
| 55+ Bedrooms | 7 | 5 | -28.6% |
Summary: 87507 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -13.8%. The inventory for 3 bedroom homes decreased by -5.8%. The inventory for 4 bedroom homes decreased by -16.1%. The inventory for 5 bedroom homes decreased by -28.6%.
Asking Price vs. Sold Price
How much do homes in 87507, NM cost?
Over Asking Price4 Homes
At Asking Price10 Homes
Under Asking Price27 Homes
Insight
If you're buying a home in 87507, you may be able to get a good deal. 65.9% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 87507 in December 2024, up by 46.4% month-over-month. Of the 41 sold homes, 66% were sold under asking, 24% were sold at asking, and and 10% were sold over asking.
Days on Market for 87507, NM
How long does it take to sell a home in 87507, NM?
Breakdown of Home Sale Times
Under 30 Days19 Homes
30 – 90 Days8 Homes
Over 90 Days14 Homes
Insight
Many homes in 87507 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 41 homes were sold in 87507; 46% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 75 DaysThis YearDec 2024 | ||
| 29 Days1 year agoDec 2023 | +157.3 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 87507 had an average listing age of 75 days in Dec 2024, up by 157.3% compared to the previous year.
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Newest Listings in 87507, NM
What homes are available in 87507, NM?
New - 6 hours on Rocket
$4,869 Closing Credit¹
Amanda R. Morris, Listing Office: Barker Realty, LLC
New - 6 hours on Rocket
$9,084 Closing Credit¹
Stefan Lark, Listing Office: Barker Realty, LLC
New - 1 day on Rocket
$4,156 Closing Credit¹
Jacob A. Martinez, Listing Office: Keller Williams Realty
New - 2 days on Rocket
$4,630 Closing Credit¹
Rachael L. Baca, Lynn G-Scott, Listing Office: Logic Real Estate
New - 2 days on Rocket
$5,688 Closing Credit¹
Lisa Sutton, Listing Office: Coldwell Banker Mountain Prop
New - 3 days on Rocket
$4,453 Closing Credit¹
Oscar Adrian Markmanlopez, Listing Office: Keller Williams Realty
New - 5 days on Rocket3D tour
$8,906 Closing Credit¹
Ken R. Martinez, Listing Office: Keller Williams Realty
New - 5 days on Rocket
$3,681 Closing Credit¹
Stephen J. Hardy, Listing Office: Hardy & Company
New - 6 days on Rocket
$5,926 Closing Credit¹
#1077052, Stephen Rey Montoya, Listing Office: Key Realty
New - 6 days on Rocket3D tour
$7,778 Closing Credit¹
#1077042, Krysta Acree, Listing Office: Barker Realty, Inc.
New - 6 days on Rocket
$7,422 Closing Credit¹
Gary Bobolsky, Listing Office: Sotheby's Int. RE/Washington
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MLS Disclaimers and Copyright
Based on information from Santa Fe MLS, and Southwest Multiple Listing Service for the period 01/01/2023 - 01/01/2025
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: 1/31/2025, 1:20:53 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: 1/31/2025, 1:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.