87540 Housing Market Report December 2024•Santa Fe County, New Mexico

Housing Prices in 87540, NM

How much do homes in 87540, NM cost?

Housing Market Conditions

Is 87540, NM a buyer’s or seller’s market?

Seller'sMarket

Buyer'sMarket

87540 is a Buyer's Market

Difference Since December 2023

Since last year, 87540 has remained a Buyer's Market.

Insight

87540 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

$965,000$442/SqFt

+$50,000

+5.5%

Based on all homes sold in the last 12 months

Insight

Homes in 87540 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 87540 was $965,000 in December 2024, up 5.5% from last year, and the median price per square foot was $442.

Median Sold Price By City

City	Dec 2023	Dec 2024	Change YoY
87540	$915K	$965K	+5.5%
87508	$668.5K	$655K	-2.0%

Median Sold Price By Bedrooms

Beds	Dec 2023	Dec 2024	Change YoY
22 Bedrooms	$780K	$749K	-4.0%
33 Bedrooms	$935K	$1.0M	+11.2%
44 Bedrooms	$1.2M	$852.5K	-31.8%
55+ Bedrooms	$1.3M	$1.6M	+19.3%
11 Bedroom	$362.5K	$190K	-47.6%

Summary: 87540 housing price by bedroom type for December 2024, compared to the previous year. The home price for 2 bedroom homes decreased by -4.0%. The home price for 3 bedroom homes increased by +11.2%. The home price for 4 bedroom homes decreased by -31.8%. The home price for 5 bedroom homes increased by +19.3%. The home price for 1 bedroom homes decreased by -47.6%.

Housing supply in 87540, NM

How many homes are available in 87540, NM?

Number of Homes For Sale

Last Month	2 months ago	Change MoM
17Last MonthDec 2024
172 months agoNov 2024	0.0 % Change MoMNov – Dec

Summary: The 87540 real estate market had 17 homes for sale in Dec 2024, the same as Nov 2024

Number of Homes Sold

Last Month	2 months ago	Change MoM
1Last MonthDec 2024
02 months agoNov 2024	+100.0 % Change MoMNov – Dec

Homes For Sale By Bedroom Count

Beds	Nov 2024	Dec 2024	Change MoM
22 Bedrooms	5	5	0.0%
33 Bedrooms	6	6	0.0%
44 Bedrooms	5	5	0.0%
55+ Bedrooms	1	1	0.0%
11 Bedroom	0	0	0.0%

Summary: 87540 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same. The inventory for 1 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 87540, NM cost?

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in 87540, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 87540 in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.

Days on Market for 87540, NM

How long does it take to sell a home in 87540, NM?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in 87540 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 87540; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

This Year	1 year ago	Change YoY
7 DaysThis YearDec 2024
155 Days1 year agoDec 2023	-95.5 % Change YoYDec 2023 – Dec 2024

Summary: Homes in 87540 had an average listing age of 7 days in Dec 2024, down by 95.5% compared to the previous year.

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Newest Listings in 87540, NM

What homes are available in 87540, NM?

See More Listings

New - 6 days on Rocket

$10,000 Closing Credit¹

$1,600,000

3 beds • 3.5 baths • 2,600 sqft

51 Avenida De La Paz, Lamy NM 87540

Tara P. Woodruff, Listing Office: Keller Williams Realty

snow covered rear of property with a wooden deck

interior space featuring wooden ceiling, concrete flooring, a mountain view, and beamed ceiling

$3,495,000

3 beds • 3.5 baths • 4,400 sqft

17 Vista Bella, Lamy NM 87540

Tara S. Earley, Listing Office: Sotheby's Int. RE/Washington

11 Avenida Vieja, Galisteo NM, 87540 land for sale

Listing photo 2 for 11 Avenida Vieja, Galisteo NM 87540

Listing photo 3 for 11 Avenida Vieja, Galisteo NM 87540

$285,000

Land • 16.11 Acres

11 Avenida Vieja, Galisteo NM 87540

Elayne Patton, Listing Office: Berkshire Hathaway HomeService

9 Lime Kiln Rd, Lamy NM, 87540 land for sale

Listing photo 2 for 9 Lime Kiln Rd, Lamy NM 87540

Listing photo 3 for 9 Lime Kiln Rd, Lamy NM 87540

Video tour

$157,999

Land • 5.78 Acres

9 Lime Kiln Rd, Lamy NM 87540

Julie Winter, Listing Office: 3 Solutions Real Estate

rear view of house featuring covered porch

rear view of property featuring a patio area

unfurnished living room featuring beamed ceiling and wood ceiling

$10,000 Closing Credit¹

$975,000

2 beds • 2 baths • 2,351 sqft

27 Vista Valle Cir, Lamy NM 87540

Matthew A. Tootelian, Listing Office: Barker Realty, LLC

$10,000 Closing Credit¹

$1,250,000

4 beds • 2.5 baths • 1,866 sqft

32 Avenida Vieja, Galisteo NM 87540

Robert L. Cardinale, Listing Office: Sotheby's Int. RE/Washington

entrance to property featuring french doors

rear view of house with french doors and a patio area

tiled entrance foyer with vaulted ceiling with beams, a chandelier, and wooden ceiling

3D tour

$10,000 Closing Credit¹

$1,325,000

3 beds • 3.5 baths • 4,338 sqft

10A Via La Puente, Galisteo NM 87540

Beth Caldarello, Elayne Patton, Listing Office: Coldwell Banker Mountain Prop, Berkshire Hathaway HomeService

$9,441 Closing Credit¹

$795,000

3 beds • 3 baths • 2,545 sqft

24 Bishop Lamy Rd, Santa Fe NM 87540

Shell Goldman, Listing Office: Keller Williams Realty

kitchen featuring stainless steel appliances, sink, exhaust hood, pendant lighting, and a kitchen island

unfurnished living room with beamed ceiling, ceiling fan with notable chandelier, and a fireplace

kitchen with stainless steel appliances, sink, wall chimney range hood, pendant lighting, and a kitchen island

3D tour

$10,000 Closing Credit¹

$1,199,000

4 beds • 2.5 baths • 2,500 sqft

81 Cerro Alto Rd, Lamy NM 87540

Ivonne Ponce, Listing Office: Ponce Realty of New Mexico

property entrance featuring a wooden deck and a patio area

$10,000 Closing Credit¹

$1,995,000

5 beds • 4 baths • 3,100 sqft

769 Camino Los Abuelos, Galisteo NM 87540

Beth Caldarello, Listing Office: Coldwell Banker Mountain Prop

5 Loose Caboose Ln, Lamy NM, 87540 land for sale

Listing photo 2 for 5 Loose Caboose Ln, Lamy NM 87540

Listing photo 3 for 5 Loose Caboose Ln, Lamy NM 87540

$225,000

Land • 5.52 Acres

5 Loose Caboose Ln, Lamy NM 87540

Bruce L. Adams, Listing Office: Santa Fe Properties

$7,695 Closing Credit¹

$648,000

2 beds • 1.5 baths • 1,098 sqft

139 Old Lamy Trl, Lamy NM 87540

#1066651, Catherine Ish, Listing Office: Barker Realty, Inc.

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Based on information from Santa Fe MLS, Southwest Multiple Listing Service, and North Texas Real Estate Information Systems Inc. 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.

©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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Last updated on: 1/31/2025, 1:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.