Santa Fe Real Estate Market

As of June 2026, the median home listed in Santa Fe, NM asks $844,725 — up 6.0% from a year ago. Homes are taking a median of 57 days to go under contract, and 20% of the 772 active listings have taken a price cut, which points to a balanced market. Based on public records and industry data, updated monthly.

Santa Fe scores 37/100 on our composite Investor Score (#726 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 47% over five years and +104% over ten, leaving prices 56% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,685/mo for a two-bedroom, the gross rental yield on the median listing is about 2.4%; active inventory sits at 97% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 6.0% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Santa Fe's housing market shows growing prices, stable job growth, and increased luxury demand, despite soft rental conditions. — AI-generated summary of the headlines above; read the linked coverage before relying on it.