New - 6 hours on Rocket3D tour
$6,175 Closing Credit¹
#202500695, Manuel Miramontes, Luis Miramontes, Listing Office: Keller Williams Realty
Santa Fe Housing Market Report January 2025•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 January 2024
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
$620,600$362/SqFt
+$2,251
0.4%
Based on all homes sold in the last 12 months
Insight
The sold price of homes in Santa Fe has remained the same since last year.
Summary: The median home sold price in Santa Fe was $620,600 in January 2025, up 0.4% from last year, and the median price per square foot was $362.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Santa Fe North | $647.5K | $825K | +27.4% |
| Santa Fe | $618.3K | $620.6K | 0.4% |
| Santa Fe South | $667.3K | $665K | -0.3% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $318.8K | $350K | +9.8% |
| 22 Bedrooms | $485.2K | $496.1K | +2.2% |
| 33 Bedrooms | $635.5K | $657K | +3.4% |
| 44 Bedrooms | $812.1K | $825K | +1.6% |
| 55+ Bedrooms | $1.3M | $1.2M | -6.1% |
Summary: Santa Fe housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +9.8%. The home price for 2 bedroom homes increased by +2.2%. The home price for 3 bedroom homes increased by +3.4%. The home price for 4 bedroom homes increased by +1.6%. The home price for 5 bedroom homes decreased by -6.1%.
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 |
|---|---|---|
| 719Last MonthJan 2025 | ||
| 7232 months agoDec 2024 | -0.6 % Change MoMDec – Jan |
Summary: The Santa Fe real estate market had 719 homes for sale in Jan 2025, a 0.6 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 131Last MonthJan 2025 | ||
| 1472 months agoDec 2024 | -10.9 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 36 | 40 | +11.1% |
| 22 Bedrooms | 139 | 142 | +2.2% |
| 33 Bedrooms | 366 | 356 | -2.7% |
| 44 Bedrooms | 140 | 141 | +0.7% |
| 55+ Bedrooms | 42 | 40 | -4.8% |
Summary: Santa Fe housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +11.1%. The inventory for 2 bedroom homes increased by +2.2%. The inventory for 3 bedroom homes decreased by -2.7%. The inventory for 4 bedroom homes increased by +0.7%. The inventory for 5 bedroom homes decreased by -4.8%.
Asking Price vs. Sold Price
How much do homes in Santa Fe, NM cost?
Over Asking Price6 Homes
At Asking Price21 Homes
Under Asking Price104 Homes
Insight
If you're buying a home in Santa Fe, you may be able to get a good deal. 79.4% of homes here sold below asking price last month.
Summary: A total of 131 homes were sold or pending in Santa Fe in January 2025, down by 10.9% month-over-month. Of the 131 sold homes, 79% were sold under asking, 16% were sold at asking, and and 5% 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 Days55 Homes
30 – 90 Days42 Homes
Over 90 Days34 Homes
Insight
Many homes in Santa Fe are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 131 homes were sold in Santa Fe; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 59 DaysThis YearJan 2025 | ||
| 50 Days1 year agoJan 2024 | +18.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Santa Fe had an average listing age of 59 days in Jan 2025, up by 18.0% compared to the previous year.
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Newest Listings in Santa Fe, NM
What homes are available in Santa Fe, NM?
New - 8 hours on Rocket3D tour
$10,000 Closing Credit¹
#202500477, Stephanie Duran, Amanda Erwin, Listing Office: Barker Realty, LLC
New - 10 hours on Rocket
$5,344 Closing Credit¹
#202500680, Nathan Ortiz, Victor Ortega, Listing Office: NM Roots Real Estate
New - 10 hours on Rocket
$10,000 Closing Credit¹
#202500691, David C. Mead, Listing Office: Keller Williams Realty
New - 14 hours on Rocket
#202500662, Rachel F. McMath, Benjamin McMath, Listing Office: Keller Williams Realty
New - 16 hours on Rocket
$6,234 Closing Credit¹
#202500612, Jeffrey Rose, Listing Office: EXP Realty
New - 16 hours on Rocket
#1078682, Aviva M Schear, Listing Office: Origins Realty Group
New - 17 hours on Rocket
$10,000 Closing Credit¹
#202500440, Craig Cunningham, Listing Office: Real Broker LLC
New - 17 hours on Rocket
$3,551 Closing Credit¹
#202500653, Laura Lichtenstein, Listing Office: Barker Realty, LLC
New - 17 hours on Rocket
$10,000 Closing Credit¹
#202500604, Sarah E. Said, Listing Office: Keller Williams Realty
New - 18 hours on Rocket
#202500684, Aviva M. Schear, Listing Office: Origins Realty Group
New - 1 day on Rocket
$5,047 Closing Credit¹
#1078656, Claire J Calladine, Listing Office: Realty One of New Mexico
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MLS Disclaimers and Copyright
Based on information from Santa Fe MLS, and Southwest Multiple Listing Service for the period 02/01/2023 - 02/01/2025
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: 2/22/2025, 4:20:52 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: 2/22/2025, 4:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.