Are home prices going up or down in Santa Fe, NM?
In Santa Fe, NM, the typical home sold for $645,001 during May 2026. That is 5% higher than the same stretch a year ago, so prices are up.
Over the last 36 months the typical sale price in Santa Fe, NM went from $562,750 to $645,001 — up 15%.
The high point was $720,927, reached in September 2025. Today's typical sale is 11% below that.
Measured by size, homes in Santa Fe, NM are selling for about $347 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Santa Fe, NM area, through May 2026.
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More about the Santa Fe, NM market
- When is the best month to sell a house in Santa Fe, NM?
- How long does it take to sell a house in Santa Fe, NM?
- Do homes sell above asking price in Santa Fe, NM?
- Is Santa Fe, NM a buyer's market or a seller's market?
- How many homes are for sale in Santa Fe, NM?
- All Santa Fe, NM housing numbers
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Figures come from Redfin's published market data for the Santa Fe, NM area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.