Photo: Tony Hisgett from Birmingham, UK · CC BY 2.01,263 homes sold in Santa Fe in the last year, at a typical $550K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Santa Fe homes are listed.
Every place Santa Fe homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Santa Fe.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A quarter of Santa Fe’s sales are condos, at $163K less than a house
841 houses and 307 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 841 sold in 12 months
- Per square foot
- $346NM $212
- Days to sell
- 72
- Sold over asking
- 10%
- Listings with a price cut
- 24%
typical sale · 307 sold in 12 months
- Per square foot
- $407NM $343
- Days to sell
- 75
- Sold over asking
- 5%
- Listings with a price cut
- 19%
Multi-family (2–4 units): 6 sold, typical $613K
Townhouses: 109 sold, typical $454K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.9 times the 2016 price
1,263 sales in the last year, against 1,730 in 2021 and a low of 1,015 in 2012. The typical sale went from $297K in 2016 to $550K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $550K buys in Santa Fe
Check a listing against what Santa Fe homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Santa Fe are back to pre-pandemic levels, with about as many homes for sale
We read every month of Santa Fe’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 1,263 sales.
If you’re buying in Santa Fe
- Shop in August. It brings about 162 new listings a month, close to the busiest month, with fewer bidding wars (18% over asking).
- You can negotiate. 22% of listings have cut their price, against 18% before the pandemic.
- Offer under asking. Buyers paid 97.4% of the list price on average; 8% paid over.
- You’ll usually have time. Only 32% of homes go under contract within two weeks; the typical one takes 72 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 173 a month), but May is the most competitive: 22% of May sales close over asking. July and August offer nearly as much choice with fewer homes bid up (18%). January has the least competition (12%) but only about 94 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than New Mexico
| Santa Fe now | 2017–19 | 2021 peak | NM now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 8% | 11% | 34% | 3% |
| Gone within two weeksShare of homes under contract within 14 days | 32% | 31% | 52% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 22% | 18% | 16% | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 97.4% | 97.5% | 100% | 96.5% |
| Days to sellMedian days from listing to contract | 72 | 69 | 46 | 64 |
458 homes for sale on a typical day
That’s 1.8 times the 2022 low (258), about the 2017–19 level and well under 2012’s 766.
1 in 4 listings has cut its price
22% in the last year, against 18% in 2017–19 and 21% across New Mexico.
Since 2019, houses are up 63%, condos 58%
A house typically sold for $615K in the last year (841 sales), a condo for $452K (307).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Santa Fe ranks 5th of 24 busy New Mexico markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Santa Fe is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Santa Fe home costs about $3,089 a month
Price: Santa Fe’s typical sale, last 12 months. Property tax at Santa Fe’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Santa Fe is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 73.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $550K home, about $2,630 a year.
Taxes vs. neighborsSchools
The schools grade for Santa Fe, from test results, graduation and how much students grow.
Schools in Santa FeTypical commute
The average one-way trip to work for people who live in Santa Fe.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
White Rock sells for less a square foot; Tano Road and Las Campanas for far more
The busier markets within 25 miles of Santa Fe, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Santa Fe | 1,263 | $550K | $350 | 8% | 72 |
| Eldorado at Santa Fe | 141 | $745K | $356 | 15% | 61 |
| White Rock | 99 | $570K | $297 | 29% | 33 |
| Las Campanas | 75 | $1.7M | $503 | 3% | 111 |
| Tano Road | 51 | $1.7M | $487 | 16% | 110 |
| Tres Arroyos | 34 | $982K | $418 | 12% | 91 |
| Santa Fe Foothills | 20 | $1.1M | $386 | 25% | 79 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Santa Fe, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Santa Fe. People who follow the town see it, and so do people comparing Santa Fe with their own town. No commission, no listing fee.
Questions about buying a home in Santa Fe
What do homes sell for in Santa Fe, NM?
1,263 homes sold in the year to May 2026 at a typical $550K, $350 a square foot. Houses sold for about $615K, condos for about $452K.
Is Santa Fe a buyer’s or seller’s market?
A seller’s market: 434 homes were for sale in May 2026 and 118 sold, about 3.7 months of supply. Buyers paid 97.4% of asking on average, and 22% of listings cut their price.
When is the best time to buy in Santa Fe?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Santa Fe?
About 0.5% of a home’s value a year. On a $550K home that’s near $2,630.
Where can I see homes for sale in Santa Fe?
Zillow, Redfin, Realtor.com and Homes.com all carry Santa Fe’s MLS listings; the search links above open each one filtered to Santa Fe.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).