New - 1 hour on Rocket
$7,719 Closing Credit¹
#1076691, Vertical Real Estate, Listing Office: Keller Williams Realty
Santa Fe Housing Market Report December 2024•Santa Fe County, New Mexico
Housing Prices in Santa Fe, NM
How much do homes in Santa Fe, NM cost?
Housing Market Conditions
Is Santa Fe, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Santa Fe is a Seller's Market
Difference Since December 2023
Since last year, Santa Fe has remained a Seller's Market.
Insight
Santa Fe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$625,409$362/SqFt
+$10,409
+1.7%
Based on all homes sold in the last 12 months
Insight
Homes in Santa Fe have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Santa Fe was $625,409 in December 2024, up 1.7% from last year, and the median price per square foot was $362.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Santa Fe North | $615.3K | $825K | +34.1% |
| Santa Fe | $615K | $625.4K | +1.7% |
| Santa Fe South | $669.2K | $665K | -0.6% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $301.7K | $349.9K | +16.0% |
| 22 Bedrooms | $489.9K | $496.2K | +1.3% |
| 33 Bedrooms | $630.3K | $659.8K | +4.7% |
| 44 Bedrooms | $813.2K | $820K | +0.8% |
| 55+ Bedrooms | $1.3M | $1.3M | -1.9% |
Summary: Santa Fe housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +16.0%. The home price for 2 bedroom homes increased by +1.3%. The home price for 3 bedroom homes increased by +4.7%. The home price for 4 bedroom homes increased by +0.8%. The home price for 5 bedroom homes decreased by -1.9%.
Housing supply in Santa Fe, NM
How many homes are available in Santa Fe, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 713Last MonthDec 2024 | ||
| 7872 months agoNov 2024 | -9.4 % Change MoMNov – Dec |
Summary: The Santa Fe real estate market had 713 homes for sale in Dec 2024, a 9.4 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 140Last MonthDec 2024 | ||
| 1332 months agoNov 2024 | +5.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 36 | 35 | -2.8% |
| 22 Bedrooms | 143 | 133 | -7.0% |
| 33 Bedrooms | 395 | 361 | -8.6% |
| 44 Bedrooms | 160 | 139 | -13.1% |
| 55+ Bedrooms | 53 | 45 | -15.1% |
Summary: Santa Fe housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -2.8%. The inventory for 2 bedroom homes decreased by -7.0%. The inventory for 3 bedroom homes decreased by -8.6%. The inventory for 4 bedroom homes decreased by -13.1%. The inventory for 5 bedroom homes decreased by -15.1%.
Asking Price vs. Sold Price
How much do homes in Santa Fe, NM cost?
Over Asking Price15 Homes
At Asking Price27 Homes
Under Asking Price98 Homes
Insight
If you're buying a home in Santa Fe, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 140 homes were sold or pending in Santa Fe in December 2024, up by 5.3% month-over-month. Of the 140 sold homes, 70% were sold under asking, 19% were sold at asking, and and 11% were sold over asking.
Days on Market for Santa Fe, NM
How long does it take to sell a home in Santa Fe, NM?
Breakdown of Home Sale Times
Under 30 Days52 Homes
30 – 90 Days45 Homes
Over 90 Days43 Homes
Insight
Many homes in Santa Fe are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 140 homes were sold in Santa Fe; 37% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 79 DaysThis YearDec 2024 | ||
| 43 Days1 year agoDec 2023 | +82.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Santa Fe had an average listing age of 79 days in Dec 2024, up by 82.9% compared to the previous year.
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Newest Listings in Santa Fe, NM
What homes are available in Santa Fe, NM?
New - 2 hours on Rocket
$5,106 Closing Credit¹
Nathan Ortiz, Listing Office: NM Roots Real Estate
New - 3 hours on Rocket
$7,719 Closing Credit¹
David Roybal, Listing Office: Keller Williams Realty
New - 6 hours on Rocket
$8,906 Closing Credit¹
Stephanie Duran, Amanda Erwin, Listing Office: Barker Realty, LLC
New - 6 hours on Rocket3D tour
$5,639 Closing Credit¹
J.C. Linson, Listing Office: Barker Realty, LLC
New - 6 hours on Rocket3D tour
$4,572 Closing Credit¹
Debra Hagey, Listing Office: Santa Fe Properties
New - 6 hours on Rocket
$10,000 Closing Credit¹
Tim Galvin, Listing Office: Sotheby's Int. RE/Grant
New - 6 hours on Rocket
$10,000 Closing Credit¹
Rachele M. Griego, Listing Office: Sotheby's Int. RE/Grant
New - 6 hours on Rocket
$5,926 Closing Credit¹
Nathan Ortiz, Listing Office: NM Roots Real Estate
New - 6 hours on Rocket
Adrienne DeGuere, Listing Office: Sotheby's Int. RE/Washington
New - 7 hours on RocketVideo tour
$10,000 Closing Credit¹
Stephanie Duran, Amanda Erwin, Listing Office: Barker Realty, LLC
New - 9 hours on Rocket
$10,000 Closing Credit¹
Rebecca Holland, Greg McMillan, Listing Office: Sotheby's Int. RE/Grant
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MLS Disclaimers and Copyright
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: 1/17/2025, 11:21:01 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: 1/17/2025, 11:20:50 PM 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: 1/17/2025, 11:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.