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Downtown Santa Fe Housing Market Report March 2025•Santa Fe County, New Mexico
Housing Prices in Downtown Santa Fe, NM
How much do homes in Downtown Santa Fe, NM cost?
Housing Market Conditions
Is Downtown Santa Fe, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Downtown Santa Fe is a Buyer's Market
Difference Since March 2024
At the same time last year, Downtown Santa Fe was a Neutral Market.
Insight
Downtown Santa Fe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$620,000$534/SqFt
-$4,052
-0.6%
Based on all homes sold in the last 12 months
Insight
Homes in Downtown Santa Fe have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Downtown Santa Fe was $620,000 in March 2025, down 0.6% from last year, and the median price per square foot was $534.
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $457.5K | $453.5K | -0.9% |
| 22 Bedrooms | $670.2K | $617.5K | -7.9% |
| 33 Bedrooms | $880K | $845K | -4.0% |
| 44 Bedrooms | $565K | - | N/A |
| 55+ Bedrooms | - | $575K | N/A |
Summary: Downtown Santa Fe housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -0.9%. The home price for 2 bedroom homes decreased by -7.9%. The home price for 3 bedroom homes decreased by -4.0%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
How does Downtown Santa Fe, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Downtown Santa Fe, NM
Housing supply in Downtown Santa Fe, NM
How many homes are available in Downtown Santa Fe, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 21Last MonthMar 2025 | ||
| 202 months agoFeb 2025 | +5.0 % Change MoMFeb – Mar |
Summary: The Downtown Santa Fe real estate market had 21 homes for sale in Mar 2025, a 5.0 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthMar 2025 | ||
| 12 months agoFeb 2025 | +100.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 6 | +50.0% |
| 22 Bedrooms | 10 | 10 | 0.0% |
| 33 Bedrooms | 4 | 3 | -25.0% |
| 44 Bedrooms | 2 | 2 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Downtown Santa Fe housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. 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 Downtown Santa Fe, NM cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Downtown Santa Fe, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Downtown Santa Fe in March 2025, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Downtown Santa Fe, NM
How long does it take to sell a home in Downtown Santa Fe, NM?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in Downtown Santa Fe are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 2 homes were sold in Downtown Santa Fe; 50% of homes were sold within 30 days, 50% 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 |
|---|---|---|
| 23 DaysThis YearMar 2025 | ||
| 28 Days1 year agoMar 2024 | -17.9 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Downtown Santa Fe had an average listing age of 23 days in Mar 2025, down by 17.9% compared to the previous year.
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Newest Listings in Downtown Santa Fe, NM
What homes are available in Downtown Santa Fe, NM?
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MLS Disclaimers and Copyright
Based on information from Santa Fe MLS, for the period 04/01/2023 - 04/01/2025
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: 4/28/2025, 12:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.