Is Santa Fe County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Santa Fe County has remained a Seller's Market.
Key Takeaway
Santa Fe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Fe County, NM
How much do homes in Santa Fe County, NM cost?
Median Sold Price
$588,880
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Santa Fe County have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Santa Fe County was $588,880 in March 2024, up 2.4% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $325K | +8.3% |
| 2 Bedrooms | $473.8K | $487.7K | +2.9% |
| 3 Bedrooms | $585.9K | $608.7K | +3.9% |
| 4 Bedrooms | $749.9K | $748.3K | -0.2% |
| 5+ Bedrooms | $1.2M | $1.4M | +21.9% |
Summary: Santa Fe County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Counties
| Torrance County | $186K | $233K | +25.3% |
| Los Alamos County | $487.7K | $596.5K | +22.3% |
| Bernalillo County | $319.9K | $339.9K | +6.3% |
| Santa Fe County | $575.3K | $588.8K | +2.4% |
Housing Supply in Santa Fe County, NM
How many homes are available in Santa Fe County, NM?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 642 | 659 | +2.6% |
Summary: The Santa Fe County real estate market had 659 homes for sale in March 2024, a 2.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 30 | -11.8% |
| 2 Bedrooms | 128 | 136 | +6.3% |
| 3 Bedrooms | 322 | 318 | -1.2% |
| 4 Bedrooms | 112 | 125 | +11.6% |
| 5+ Bedrooms | 46 | 50 | +8.7% |
Summary: The Santa Fe County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 134 | 113 | -15.7% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Fe County, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.
Summary: A total of 113 homes were sold or pending in Santa Fe County in March 2024, down by 15.7% month-over-month. Of the 113 sold homes, 58% were sold under asking, 27% were sold at asking, and 16% were sold over asking.
Days on Market for Santa Fe County, NM
How long does it take to sell a home in Santa Fe County, NM?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 63 Days | +13.8% |
Summary: Homes in Santa Fe County had an average of 63 days on market in Mar 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Fe County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 113 homes were sold in Santa Fe County; 55% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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. 
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© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site 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. 