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87535 Housing Market Report April 2025•Santa Fe County, New Mexico
Housing Prices in 87535, NM
How much do homes in 87535, NM cost?
Housing Market Conditions
Is 87535, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
87535 is a Seller's Market
Difference Since March 2025
Last month, 87535 was a Buyer's Market.
Insight
87535 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$379,000$249/SqFt
-$155,000
-29.0%
Based on all homes sold in April 2025
Insight
Homes in 87535 have sold for 29% less than they did a month ago.
Summary: The median home sold price in 87535 was $379,000 in April 2025, down 29% from last month, and the median price per square foot was $249.
Median Sold Price By Bedrooms
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | $285K | N/A |
| 33 Bedrooms | $534K | $379K | -29.0% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: 87535 housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -29.0%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
How does 87535, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
87535, NM
Housing supply in 87535, NM
How many homes are available in 87535, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthApr 2025 | ||
| 82 months agoMar 2025 | -12.5 % Change MoMMar – Apr |
Summary: The 87535 real estate market had 7 homes for sale in Apr 2025, a 12.5 % decrease compared to Mar 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthApr 2025 | ||
| 12 months agoMar 2025 | +300.0 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 3 | 0.0% |
| 33 Bedrooms | 4 | 3 | -25.0% |
| 44 Bedrooms | 1 | 1 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: 87535 housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 87535, NM cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price4 Homes
Insight
If you're buying a home in 87535, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 87535 in April 2025, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for 87535, NM
How long does it take to sell a home in 87535, NM?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days1 Home
Over 90 Days1 Home
Insight
Many homes in 87535 are selling fast, if you're buying plan to act quickly.
Summary: During April 2025, 4 homes were sold in 87535; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 59 DaysLast MonthApr 2025 | ||
| 18 Days1 month agoMar 2025 | +231.9 % Change MoMMar – Apr |
Summary: Homes in 87535 had an average listing age of 59 days in Apr 2025, up by 231.9% compared to the previous month.
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Newest Listings in 87535, NM
What homes are available in 87535, NM?
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MLS Disclaimers and Copyright
Based on information from Santa Fe MLS, for the period 03/01/2025 - 05/01/2025
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: 5/27/2025, 5:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.