| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $776,500 | -5.4% YoY |
| Median price per sq ft | $375 | 2,208 sq ft median |
| Median days on market | 81 | +1% YoY |
| Active listings | 808 | +1% YoY |
| New listings this month | 204 | September 2026 |
| Listings with a price cut | 21% | Share of active |
| Median sale price (closed) | $697,500 | +22.5% YoY · closed sales, July 2026 |
| Sale-to-list ratio | n/a | Non-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio |
| Pending-to-active ratio | 30.7% | 248 pending |
| Inventory vs 2019 | 104% | Active listings vs same month in 2019 |
| Gross rental yield | 2.6% | 2BR fair market rent |
Resort & second-home market · New Mexico · September 2026 data
What is the Santa Fe, NM real estate market doing?
As of September 2026, the median home listed in Santa Fe, NM asks $776,500, down 5.4% year over year. Homes spend a median of 81 days on market, with 808 active listings and 21% carrying a price cut; pending contracts equal 31% of active listings, and inventory sits at 104% of the same month in 2019 — a buyer's market. Estimated gross rental yield on the median listing is 2.6%. Figures come from public records and industry data, updated monthly.
Median listing price
$776,500
▼ 5.4% YoY
Median $ / sq ft
$375
2,208 sq ft median
Median days on market
81
September 2026
Active listings
808
For sale now
New listings
204
September 2026
Listings with price cuts
21%
Share of active
Inventory vs 2019
104%
Same month, 2019 = 100
Pending / active
31%
Contract activity
Median sale price (closed)
$697,500
▲ 22.5% YoY · closed sales · July 2026
Sale-to-list ratio
n/a
Non-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio
Homes sold / month
180
Closed sales · July 2026, seasonally adjusted
What is the Santa Fe, NM housing market doing right now?
The Santa Fe, NM housing market lists at a $776,500 median as of September 2026, down 5.4% year over year, with an 81-day median market time and 808 homes for sale (21% with a price cut). Active inventory is 104% of the 2019 level, reading as a buyer's market under WealthyBud's published buyer/seller rule. Gross rental yield is about 2.6%.
Santa Fe housing market statistics
The table summarizes Santa Fe's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Santa Fe.
How have home prices changed in Santa Fe?
Santa Fe home prices are down 5.4% year over year and -2.8% month over month as of September 2026, at a $776,500 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Santa Fe NM · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Santa Fe NM · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Santa Fe?
Santa Fe has 808 active listings, 204 new this month, 248 pending as of September 2026. About 21% of active listings have cut their price, and inventory sits at 104% of its 2019 level — a buyer's market by pace.
Is Santa Fe a good real estate investment?
Santa Fe scores 28/100 on WealthyBud's composite Investor Score, ranking #843 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
28/100
#843 of 933 covered metros
Price volatility
Medium
σ 6.2% · 20-yr price-index swings
Santa Fe scores 28/100 on our composite Investor Score (#843 of 933 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 2.6%; active inventory sits at 104% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 5.4% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Santa Fe ranks on the trending markets index.
How much is a monthly mortgage payment in Santa Fe?
A home at Santa Fe's $776,500 median listing runs about $4,250 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$3,837/mo
−$413/mo vs today
At today's rate · 7.28%
$4,250/mo
National weekly average
If rates rise 1% · 8.28%
$4,680/mo
+$430/mo vs today
Principal & interest on the $776,500 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Santa Fe?
To buy Santa Fe’s $776,500 median listing with 20% down, a household needs about $196,000 a year in gross income, keeping principal, interest and property tax ($4,580/mo) at 28% of income. That is 2.6× the area’s $74,689 median household income, so a typical Santa Fe household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $776,500 | September 2026 |
| Down payment (20%) | $155,300 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $4,250/mo | Rate as of 2026-10-01 |
| Property tax (0.51% effective rate) | $330/mo | Census ACS |
| Income needed (28% rule) | $196,000 | Gross household income / yr |
| Median household income | $74,689 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Santa Fe housing market?
Longer-run demand in Santa Fe shows up in 495 homes permitted in 2025; net migration of +88 residents; -0.6% job growth. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
495
▲ 102.9% vs 2024
3.2 per 1,000 residents
Net migration (2022–2023)
+88
▲ people, via tax-return records
net income flow +$79.2M/yr
Job growth (YoY)
-0.6%
▼ 63.9k nonfarm jobs · August 2026
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Santa Fe real estate news?
Cities With the Fastest-growing Home Prices in New MexicoStacker · 2026-06-29→Santa Fe Tops New Luxury Housing Market Ranking as Wealthy Buyers Prioritize Laid-Back LifestyleRealtor.com · 2026-05-01→Stable Job Growth, Slightly Tight Sales Market Conditions, and Soft Rental Market Conditions in the Santa Fe HMAHUD User (.gov) · 2026-06-11→New Mexico Housing Market Posts Gains In Sales, Prices, & Inventory In MayLos Alamos Daily Post · 2026-06-24→
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.
Headlines collected 2026-07-05; each links to the original publisher.
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Median price, pace and inventory for 5 Santa Fe ZIPs — the spread behind the metro number.
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The highest-producing real estate agents in Santa Fe, ranked by recent sales.
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ReadSanta Fe housing market FAQ
What is the median home price in Santa Fe?
As of September 2026, the median listing price in Santa Fe, NM is $776,500, down 5.4% year over year (source: public records and industry data).
How much does it cost to buy a home in Santa Fe?
The median home listed in Santa Fe asks $776,500 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $4,250 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Santa Fe?
The median property in Santa Fe spends 81 days on the market, with 808 homes actively listed and 21% of them carrying a price cut — a buyer's market as of September 2026.
Is it a buyer's or seller's market in Santa Fe?
With a median 81 days on market and 21% of active listings carrying a price cut, pending contracts at 31% of active listings, Santa Fe reads as a buyer's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Santa Fe a good place to invest in real estate?
Santa Fe scores 28/100 on WealthyBud's Investor Score, ranking #843 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Santa Fe?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Santa Fe and the wider New Mexico market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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