Scarborough Realty Group

Partnered with Keller Williams of Santa Fe

Sept. 3, 2026

Los Alamos County, NM Real Estate Market Report — September 2026

As of September 9, 2026, the median list price in Los Alamos County, New Mexico (all MLS cities within the county) is $688,500 across 59 active listings. For residential homes (single-family and attached), the median list price is $749,000 at a median of $311 per square foot. 25 new listings hit the market in the last 30 days. With 17 listings under contract (28.8% of inventory), conditions point to a seller's market.

Los Alamos County Market Snapshot (county-level data)

MetricValue
Active listings (inventory)59
Median list price$688,500
Average (mean) list price$789,446
Middle 50% price range (P25–P75)$452,500 – $822,000
Median price per sqft$311/sqft
Median days on market30 days
New listings (last 30 days)25
Under contract17 (28.8%)
Median year built1977
Median living area2,267 sqft

What Homes Actually Sold For in Los Alamos County (closed-sale data)

Closed-sale data: detached single-family homes in Los Alamos County, SFAR MLS. Trailing 12 months through September 9, 2026. Inventory and pending counts in this section use that same snapshot date.

MetricValue
Homes sold (last 12 months)225
Median sale price (12 mo)$645,000
Median sold $/sqft (12 mo)$313/sqft
Median days on market, sold homes (12 mo)12 days
Original asking price received (median, 12 mo)the full original asking price
Sold above / below final asking (12 mo)28% sold over asking (while 39% sold under)
Final asking price received (median, 12 mo)the full final asking price
Homes sold (last 90 days)62
Median sale price (90 days)$692,500
Months of inventory (true absorption)1.3 months

Sales by Price Band (last 12 months)

Price bandClosed sales
Under $400K13 sales (6%)
$400K–$700K124 sales (55%)
$700K–$1M77 sales (34%)
$1M–$2M11 sales (5%)
Over $2M0 sales (0%)

By Property Type

Property typeInventoryMedian list priceMedian $/sqftMedian DOM
Residential (single-family & attached homes)41$749,000$31127
Condominium / townhome8$316,500
Vacant land & lots6$216,500

Frequently Asked Questions

What is the median home price in Los Alamos County, New Mexico?

As of September 9, 2026, the median list price in Los Alamos County, New Mexico (all MLS cities within the county) is $688,500 across 59 active listings (all property types). For residential homes specifically, the median list price is $749,000.

What is the average price per square foot in Los Alamos County, NM?

The median price per square foot in Los Alamos County, New Mexico (all MLS cities within the county) is $311/sqft (mean $312/sqft), based on 49 listings with reported square footage, as of September 9, 2026.

How long do homes take to sell in Los Alamos County, NM?

Active listings in Los Alamos County, New Mexico (all MLS cities within the county) show a median of 30 days on market (mean 73 days) as of September 9, 2026. Well-priced homes in high-demand segments move faster than the median.

Is Los Alamos County a buyer's or seller's market right now?

Current data points to a seller's market in Los Alamos County, New Mexico (all MLS cities within the county): 29% of listed inventory is already under contract — strong buyer demand relative to supply (17 of 59 listings under contract as of September 9, 2026).

What price range covers most homes for sale in Los Alamos County, NM?

The middle 50% of active listings in Los Alamos County, New Mexico (all MLS cities within the county) are priced between $452,500 and $822,000. Listings range from $133,400 up to $5,600,000, so segment matters — averages alone can mislead.

What do homes actually sell for in Los Alamos County, NM?

Over the 12 months through September 9, 2026, 225 detached single-family homes closed in Los Alamos County, New Mexico (all MLS cities within the county) at a median sale price of $645,000 ($313/sqft). Sellers received a median the full original asking price. Aggregate MLS sold data from SFAR.

How fast are homes selling in Los Alamos County, NM?

For detached single-family homes that closed in Los Alamos County, New Mexico (all MLS cities within the county) in the 12 months through September 9, 2026, median recorded days on market was 12. At 1.3 months of inventory, supply is tight — a seller's market by the classic 6-month benchmark.


Data source & methodology: Active-listing statistics computed from Santa Fe Association of REALTORS® (SFAR) and Southwest MLS (SWMLS) data as displayed via IDX on buysellnewmexico.com, snapshot date September 9, 2026. Geographic bin: Los Alamos County, New Mexico (all MLS cities within the county) (bin type: county). Closed-sale statistics computed from board-direct SFAR MLS sold records for detached single-family homes (as of 2026-09-09), de-duplicated across boards for dual-listed properties. New Mexico is a non-disclosure state: only aggregate sold statistics (medians, counts, ratios) are published — never individual sale prices. Median values are used in preference to averages to limit distortion from luxury-segment outliers. Metrics with insufficient reporting samples are omitted rather than estimated. Prepared by Matthew Scarborough — Scarborough Realty Group, Keller Williams Santa Fe.

Posted in Market Reports
Sept. 3, 2026

Española, NM Real Estate Market Report — September 2026

As of September 9, 2026, the median list price in Española, New Mexico (city limits / MLS city designation) is $375,000 across 61 active listings. For residential homes (single-family and attached), the median list price is $399,999 at a median of $229 per square foot. 18 new listings hit the market in the last 30 days. With 15 listings under contract (24.6% of inventory), conditions point to a balanced-to-seller's market.

Española Market Snapshot (city-level data)

MetricValue
Active listings (inventory)61
Median list price$375,000
Average (mean) list price$404,510
Middle 50% price range (P25–P75)$250,000 – $447,000
Median price per sqft$229/sqft
Median days on market61 days
New listings (last 30 days)18
Under contract15 (24.6%)
Median year built1978
Median living area1,700 sqft

What Homes Actually Sold For in Española (closed-sale data)

Closed-sale data: detached single-family homes in Española, SFAR MLS. Trailing 12 months through September 9, 2026. Inventory and pending counts in this section use that same snapshot date.

MetricValue
Homes sold (last 12 months)52
Median sale price (12 mo)$387,500
Median sold $/sqft (12 mo)$209/sqft
Median days on market, sold homes (12 mo)34 days
Original asking price received (median, 12 mo)96.1% of original asking price
Sold above / below final asking (12 mo)17% sold over asking (while 63% sold under)
Final asking price received (median, 12 mo)97.8% of final asking price
Homes sold (last 90 days)16

Sales by Price Band (last 12 months)

Price bandClosed sales
Under $400K28 sales (54%)
$400K–$700K21 sales (40%)
$700K–$1M3 sales (6%)
$1M–$2M0 sales (0%)
Over $2M0 sales (0%)

By Property Type

Property typeInventoryMedian list priceMedian $/sqftMedian DOM
Residential (single-family & attached homes)37$399,999$22962
Vacant land & lots12$142,450

Frequently Asked Questions

What is the median home price in Española, New Mexico?

As of September 9, 2026, the median list price in Española, New Mexico (city limits / MLS city designation) is $375,000 across 61 active listings (all property types). For residential homes specifically, the median list price is $399,999.

What is the average price per square foot in Española, NM?

The median price per square foot in Española, New Mexico (city limits / MLS city designation) is $229/sqft (mean $233/sqft), based on 37 listings with reported square footage, as of September 9, 2026.

How long do homes take to sell in Española, NM?

Active listings in Española, New Mexico (city limits / MLS city designation) show a median of 61 days on market (mean 128 days) as of September 9, 2026. Well-priced homes in high-demand segments move faster than the median.

Is Española a buyer's or seller's market right now?

Current data points to a balanced-to-seller's market in Española, New Mexico (city limits / MLS city designation): 25% of listed inventory is under contract — steady absorption (15 of 61 listings under contract as of September 9, 2026).

What price range covers most homes for sale in Española, NM?

The middle 50% of active listings in Española, New Mexico (city limits / MLS city designation) are priced between $250,000 and $447,000. Listings range from $30,000 up to $1,400,000, so segment matters — averages alone can mislead.

What do homes actually sell for in Española, NM?

Over the 12 months through September 9, 2026, 52 detached single-family homes closed in Española, New Mexico (city limits / MLS city designation) at a median sale price of $387,500 ($209/sqft). Sellers received a median 96.1% of original asking price. Aggregate MLS sold data from SFAR.

How fast are homes selling in Española, NM?

For detached single-family homes that closed in Española, New Mexico (city limits / MLS city designation) in the 12 months through September 9, 2026, median recorded days on market was 34.


Data source & methodology: Active-listing statistics computed from Santa Fe Association of REALTORS® (SFAR) and Southwest MLS (SWMLS) data as displayed via IDX on buysellnewmexico.com, snapshot date September 9, 2026. Geographic bin: Española, New Mexico (city limits / MLS city designation) (bin type: city). Closed-sale statistics computed from board-direct SFAR MLS sold records for detached single-family homes (as of 2026-09-09), de-duplicated across boards for dual-listed properties. New Mexico is a non-disclosure state: only aggregate sold statistics (medians, counts, ratios) are published — never individual sale prices. Median values are used in preference to averages to limit distortion from luxury-segment outliers. Metrics with insufficient reporting samples are omitted rather than estimated. Prepared by Matthew Scarborough — Scarborough Realty Group, Keller Williams Santa Fe.

Posted in Market Reports
Sept. 3, 2026

Eldorado at Santa Fe, NM Real Estate Market Report — September 2026

As of September 9, 2026, the median list price in Eldorado at Santa Fe (subdivision/neighborhood within Santa Fe County, unincorporated — NOT inside Santa Fe city limits) is $727,000 across 23 active listings. For residential homes (single-family and attached), the median list price is $736,000 at a median of $341 per square foot. 2 new listings hit the market in the last 30 days. With 8 listings under contract (34.8% of inventory), conditions point to a seller's market.

Eldorado at Santa Fe Market Snapshot (neighborhood-level data)

MetricValue
Active listings (inventory)23
Median list price$727,000
Average (mean) list price$739,087
Middle 50% price range (P25–P75)$559,500 – $862,000
Median price per sqft$339/sqft
New listings (last 30 days)2
Under contract8 (34.8%)
Median year built1991
Median living area2,111 sqft

What Homes Actually Sold For in Eldorado at Santa Fe (closed-sale data)

Closed-sale data: detached single-family homes in Eldorado at Santa Fe, SFAR MLS. Trailing 12 months through September 9, 2026. Inventory and pending counts in this section use that same snapshot date.

MetricValue
Homes sold (last 12 months)112
Median sale price (12 mo)$695,000
Median sold $/sqft (12 mo)$369/sqft
Median days on market, sold homes (12 mo)16 days
Original asking price received (median, 12 mo)97.9% of original asking price
Sold above / below final asking (12 mo)15% sold over asking (while 60% sold under)
Final asking price received (median, 12 mo)98.9% of final asking price
Homes sold (last 90 days)37
Median sale price (90 days)$695,000
Months of inventory (true absorption)1.6 months

Sales by Price Band (last 12 months)

Price bandClosed sales
Under $400K1 sales (1%)
$400K–$700K58 sales (52%)
$700K–$1M45 sales (40%)
$1M–$2M8 sales (7%)
Over $2M0 sales (0%)

By Property Type

Property typeInventoryMedian list priceMedian $/sqftMedian DOM
Residential (single-family & attached homes)22$736,000$341

Frequently Asked Questions

What is the median home price in Eldorado at Santa Fe, New Mexico?

As of September 9, 2026, the median list price in Eldorado at Santa Fe (subdivision/neighborhood within Santa Fe County, unincorporated — NOT inside Santa Fe city limits) is $727,000 across 23 active listings (all property types). For residential homes specifically, the median list price is $736,000.

What is the average price per square foot in Eldorado at Santa Fe, NM?

The median price per square foot in Eldorado at Santa Fe (subdivision/neighborhood within Santa Fe County, unincorporated — NOT inside Santa Fe city limits) is $339/sqft (mean $333/sqft), based on 23 listings with reported square footage, as of September 9, 2026.

Is Eldorado at Santa Fe a buyer's or seller's market right now?

Current data points to a seller's market in Eldorado at Santa Fe (subdivision/neighborhood within Santa Fe County, unincorporated — NOT inside Santa Fe city limits): 35% of listed inventory is already under contract — strong buyer demand relative to supply (8 of 23 listings under contract as of September 9, 2026).

What price range covers most homes for sale in Eldorado at Santa Fe, NM?

The middle 50% of active listings in Eldorado at Santa Fe (subdivision/neighborhood within Santa Fe County, unincorporated — NOT inside Santa Fe city limits) are priced between $559,500 and $862,000. Listings range from $359,000 up to $1,745,000, so segment matters — averages alone can mislead.

What do homes actually sell for in Eldorado at Santa Fe, NM?

Over the 12 months through September 9, 2026, 112 detached single-family homes closed in Eldorado at Santa Fe (subdivision/neighborhood within Santa Fe County, unincorporated — NOT inside Santa Fe city limits) at a median sale price of $695,000 ($369/sqft). Sellers received a median 97.9% of original asking price. Aggregate MLS sold data from SFAR.

How fast are homes selling in Eldorado at Santa Fe, NM?

For detached single-family homes that closed in Eldorado at Santa Fe (subdivision/neighborhood within Santa Fe County, unincorporated — NOT inside Santa Fe city limits) in the 12 months through September 9, 2026, median recorded days on market was 16. At 1.6 months of inventory, supply is tight — a seller's market by the classic 6-month benchmark.


Data source & methodology: Active-listing statistics computed from Santa Fe Association of REALTORS® (SFAR) and Southwest MLS (SWMLS) data as displayed via IDX on buysellnewmexico.com, snapshot date September 9, 2026. Geographic bin: Eldorado at Santa Fe (subdivision/neighborhood within Santa Fe County, unincorporated — NOT inside Santa Fe city limits) (bin type: neighborhood). Closed-sale statistics computed from board-direct SFAR MLS sold records for detached single-family homes (as of 2026-09-09), de-duplicated across boards for dual-listed properties. New Mexico is a non-disclosure state: only aggregate sold statistics (medians, counts, ratios) are published — never individual sale prices. Median values are used in preference to averages to limit distortion from luxury-segment outliers. Metrics with insufficient reporting samples are omitted rather than estimated. Prepared by Matthew Scarborough — Scarborough Realty Group, Keller Williams Santa Fe.

Posted in Market Reports
Sept. 3, 2026

Bernalillo County, NM Real Estate Market Report — September 2026

As of September 9, 2026, the median list price in Bernalillo County, New Mexico (all MLS cities within the county) is $375,000 across 2,103 active listings. For residential homes (single-family and attached), the median list price is $439,900 at a median of $228 per square foot. 411 new listings hit the market in the last 30 days. With 15 listings under contract (0.7% of inventory), conditions point to a balanced-to-buyer's market.

Bernalillo County Market Snapshot (county-level data)

MetricValue
Active listings (inventory)2,103
Median list price$375,000
Average (mean) list price$502,140
Middle 50% price range (P25–P75)$250,000 – $550,000
Median price per sqft$227/sqft
New listings (last 30 days)411
Under contract15 (0.7%)
Median year built1986
Median living area1,960 sqft

What Homes Actually Sold For in Bernalillo County (closed-sale data)

Closed-sale data: detached single-family homes in Bernalillo County, SFAR + SWMLS MLS. Trailing 12 months through September 9, 2026. Inventory and pending counts in this section use that same snapshot date.

MetricValue
Homes sold (last 12 months)5,792
Median sale price (12 mo)$375,000
Median sold $/sqft (12 mo)$216/sqft
Median days on market, sold homes (12 mo)16 days
Sold above / below final asking (12 mo)16% sold over asking (while 49% sold under)
Final asking price received (median, 12 mo)99.7% of final asking price
Homes sold (last 90 days)1,507
Median sale price (90 days)$382,500
Months of inventory (true absorption)2.3 months

Sales by Price Band (last 12 months)

Price bandClosed sales
Under $400K3,317 sales (57%)
$400K–$700K1,975 sales (34%)
$700K–$1M337 sales (6%)
$1M–$2M150 sales (3%)
Over $2M13 sales (0%)

By Property Type

Property typeInventoryMedian list priceMedian $/sqftMedian DOM
Residential (single-family & attached homes)1,169$439,900$228
Condominium / townhome166$288,250$219
Vacant land & lots513$119,500
Multi-family130$479,948

Frequently Asked Questions

What is the median home price in Bernalillo County, New Mexico?

As of September 9, 2026, the median list price in Bernalillo County, New Mexico (all MLS cities within the county) is $375,000 across 2,103 active listings (all property types). For residential homes specifically, the median list price is $439,900.

What is the average price per square foot in Bernalillo County, NM?

The median price per square foot in Bernalillo County, New Mexico (all MLS cities within the county) is $227/sqft (mean $240/sqft), based on 1,334 listings with reported square footage, as of September 9, 2026.

Is Bernalillo County a buyer's or seller's market right now?

Current data points to a balanced-to-buyer's market in Bernalillo County, New Mexico (all MLS cities within the county): only 1% of listed inventory is under contract — buyers have negotiating room (15 of 2,103 listings under contract as of September 9, 2026).

What price range covers most homes for sale in Bernalillo County, NM?

The middle 50% of active listings in Bernalillo County, New Mexico (all MLS cities within the county) are priced between $250,000 and $550,000. Listings range from $4,000 up to $11,950,000, so segment matters — averages alone can mislead.

What do homes actually sell for in Bernalillo County, NM?

Over the 12 months through September 9, 2026, 5,792 detached single-family homes closed in Bernalillo County, New Mexico (all MLS cities within the county) at a median sale price of $375,000 ($216/sqft). 16% sold over asking (while 49% sold under) relative to final asking price. Aggregate MLS sold data from SFAR + SWMLS.

How fast are homes selling in Bernalillo County, NM?

For detached single-family homes that closed in Bernalillo County, New Mexico (all MLS cities within the county) in the 12 months through September 9, 2026, median recorded days on market was 16. At 2.3 months of inventory, supply is tight — a seller's market by the classic 6-month benchmark.


Data source & methodology: Active-listing statistics computed from Santa Fe Association of REALTORS® (SFAR) and Southwest MLS (SWMLS) data as displayed via IDX on buysellnewmexico.com, snapshot date September 9, 2026. Geographic bin: Bernalillo County, New Mexico (all MLS cities within the county) (bin type: county). Closed-sale statistics computed from board-direct SFAR + SWMLS MLS sold records for detached single-family homes (as of 2026-09-09), de-duplicated across boards for dual-listed properties. New Mexico is a non-disclosure state: only aggregate sold statistics (medians, counts, ratios) are published — never individual sale prices. Median values are used in preference to averages to limit distortion from luxury-segment outliers. Metrics with insufficient reporting samples are omitted rather than estimated. Prepared by Matthew Scarborough — Scarborough Realty Group, Keller Williams Santa Fe.

Posted in Market Reports
Sept. 3, 2026

Albuquerque, NM Real Estate Market Report — September 2026

As of September 9, 2026, the median list price in Albuquerque, New Mexico (city limits / MLS city designation) is $380,000 across 1,814 active listings. For residential homes (single-family and attached), the median list price is $425,000 at a median of $226 per square foot. 379 new listings hit the market in the last 30 days. With 13 listings under contract (0.7% of inventory), conditions point to a balanced-to-buyer's market.

Albuquerque Market Snapshot (city-level data)

MetricValue
Active listings (inventory)1,814
Median list price$380,000
Average (mean) list price$508,522
Middle 50% price range (P25–P75)$285,000 – $550,000
Median price per sqft$226/sqft
New listings (last 30 days)379
Under contract13 (0.7%)
Median year built1985
Median living area1,925 sqft

What Homes Actually Sold For in Albuquerque (closed-sale data)

Closed-sale data: detached single-family homes in Albuquerque, SFAR + SWMLS MLS. Trailing 12 months through September 9, 2026. Inventory and pending counts in this section use that same snapshot date.

MetricValue
Homes sold (last 12 months)5,579
Median sale price (12 mo)$372,000
Median sold $/sqft (12 mo)$215/sqft
Median days on market, sold homes (12 mo)16 days
Sold above / below final asking (12 mo)16% sold over asking (while 49% sold under)
Final asking price received (median, 12 mo)99.8% of final asking price
Homes sold (last 90 days)1,454
Median sale price (90 days)$379,810
Months of inventory (true absorption)2.2 months

Sales by Price Band (last 12 months)

Price bandClosed sales
Under $400K3,268 sales (59%)
$400K–$700K1,847 sales (33%)
$700K–$1M309 sales (6%)
$1M–$2M143 sales (3%)
Over $2M12 sales (0%)

By Property Type

Property typeInventoryMedian list priceMedian $/sqftMedian DOM
Residential (single-family & attached homes)1,068$425,000$226
Condominium / townhome166$288,250$219
Vacant land & lots340$150,000
Multi-family129$479,900

Frequently Asked Questions

What is the median home price in Albuquerque, New Mexico?

As of September 9, 2026, the median list price in Albuquerque, New Mexico (city limits / MLS city designation) is $380,000 across 1,814 active listings (all property types). For residential homes specifically, the median list price is $425,000.

What is the average price per square foot in Albuquerque, NM?

The median price per square foot in Albuquerque, New Mexico (city limits / MLS city designation) is $226/sqft (mean $237/sqft), based on 1,233 listings with reported square footage, as of September 9, 2026.

Is Albuquerque a buyer's or seller's market right now?

Current data points to a balanced-to-buyer's market in Albuquerque, New Mexico (city limits / MLS city designation): only 1% of listed inventory is under contract — buyers have negotiating room (13 of 1,814 listings under contract as of September 9, 2026).

What price range covers most homes for sale in Albuquerque, NM?

The middle 50% of active listings in Albuquerque, New Mexico (city limits / MLS city designation) are priced between $285,000 and $550,000. Listings range from $4,000 up to $10,990,000, so segment matters — averages alone can mislead.

What do homes actually sell for in Albuquerque, NM?

Over the 12 months through September 9, 2026, 5,579 detached single-family homes closed in Albuquerque, New Mexico (city limits / MLS city designation) at a median sale price of $372,000 ($215/sqft). 16% sold over asking (while 49% sold under) relative to final asking price. Aggregate MLS sold data from SFAR + SWMLS.

How fast are homes selling in Albuquerque, NM?

For detached single-family homes that closed in Albuquerque, New Mexico (city limits / MLS city designation) in the 12 months through September 9, 2026, median recorded days on market was 16. At 2.2 months of inventory, supply is tight — a seller's market by the classic 6-month benchmark.


Data source & methodology: Active-listing statistics computed from Santa Fe Association of REALTORS® (SFAR) and Southwest MLS (SWMLS) data as displayed via IDX on buysellnewmexico.com, snapshot date September 9, 2026. Geographic bin: Albuquerque, New Mexico (city limits / MLS city designation) (bin type: city). Closed-sale statistics computed from board-direct SFAR + SWMLS MLS sold records for detached single-family homes (as of 2026-09-09), de-duplicated across boards for dual-listed properties. New Mexico is a non-disclosure state: only aggregate sold statistics (medians, counts, ratios) are published — never individual sale prices. Median values are used in preference to averages to limit distortion from luxury-segment outliers. Metrics with insufficient reporting samples are omitted rather than estimated. Prepared by Matthew Scarborough — Scarborough Realty Group, Keller Williams Santa Fe.

Posted in Market Reports
Aug. 24, 2026

Buying Land in Santa Fe County, NM: What to Know Before You Buy

Land in Santa Fe County is one of the most underrated ways to get into this market — you set the timeline, you control the design, and you sidestep the bidding pressure that comes with move-in-ready homes in the tightest price bands. It does come with a handful of genuinely New Mexico-specific steps that first-time land buyers from other states aren't used to. Here's what actually matters.

Why Buying Land Here Is Worth Considering Right Now

Santa Fe's existing-home market is tight in the bands that matter most — the $400k-$700k segment has just 2.9 months of inventory, and homes there sell in a median of 30 days at 96.3% of list price (SFAR MLS, 12 months ending August 2026). That's real competition for move-in-ready homes. Buying land sidesteps that entirely: instead of competing for the same 549 active listings everyone else is looking at, you're building exactly what you want, on your own schedule, often at a lower total basis than buying an equivalent finished home in a hot price band.

It's also one of the more accessible ways to plant a flag in Northern New Mexico before prices move further — land doesn't experience the same day-to-day bidding pressure as finished homes, which means a patient, well-informed buyer has real room to negotiate.

Water Rights: The First Thing to Check, Not the Last

This is the single biggest surprise for out-of-state buyers: owning land in New Mexico does not automatically mean you own the water rights to it. New Mexico operates under the "prior appropriation" doctrine — water is allocated by priority date and beneficial use, and rights can be severed from the land itself and conveyed separately by deed.

Before you buy: get a water rights title search from a qualified title company (often tracing back to 1960 or earlier) to confirm exactly what water rights, if any, transfer with the parcel. If the property has acequia (community irrigation) shares, those come with their own separate rules and assessments. Any transfer of water rights must be approved by the New Mexico Office of the State Engineer (OSE) — the state authority for all water rights records and permits.

The upside: once you've confirmed clean water rights on a parcel, you have real, durable value that many other buyers overlook or get wrong — which is exactly why working with someone who checks this correctly, before you're under contract, matters.

Well Permits: What's Actually Required

If the land doesn't have municipal water access, you'll likely need a private well, which means two permits, not one:

  1. A permit from the NM Office of the State Engineer (OSE) — required before any new well can be drilled. Only OSE-licensed well drillers can legally do the work.
  2. A Santa Fe County well permit, required in addition to the OSE permit for any new domestic well within the County water utility's service area, integrated into the County's development approval process.

A few practical placement rules to know upfront: wells generally need to be at least 50 feet from a septic system's building sewer and 100 feet from its disposal field — which affects how you'll ultimately site your home on the lot. It's also worth budgeting for a water quality test before you buy; groundwater in parts of Santa Fe County can carry naturally occurring nitrate, arsenic, or high mineral content, and knowing that upfront avoids surprises after closing.

Zoning and County Permits

Santa Fe County's Sustainable Land Development Code (SLDC) governs building and development outside incorporated city limits, and it requires a development permit for most construction, additions, or grading. Before you buy a specific parcel, verify:

  • Zoning classification matches what you actually intend to build
  • Septic approval requirements for the site (most rural parcels need a septic system, not sewer connection)
  • Access and easements — confirm the parcel has a recorded, legal access route, not just an informal dirt road

Santa Fe County's Building and Development Services Division is the right first call once you've identified a specific property, and getting that conversation started early — ideally before you're under contract — avoids costly surprises later.

Financing Land Purchases

Land loans typically work differently than home mortgages — expect a larger down payment requirement than you'd see on a finished home purchase, since lenders view raw land as higher risk. A real estate attorney familiar with New Mexico property law should review the purchase agreement and confirm a clean title search (no liens or competing claims) before you close; the deed then gets notarized and recorded with the County Clerk's office.

The Bottom Line: Land Buying Rewards Preparation

None of this is a reason to avoid buying land in Santa Fe County — it's a reason to buy with the right guidance. Every one of these steps (water rights, well permits, zoning, septic) is knowable and verifiable before you're under contract, which means a well-prepared buyer faces essentially none of these as surprises. The buyers who run into trouble are the ones who skip the water-rights search or assume "vacant land" means "no permits needed."

We work land and home transactions across both the Santa Fe and Albuquerque markets and can walk you through exactly what a specific parcel requires before you commit. If you're ready to start looking, browse current land listings or talk through your specific plans with our team directly.

the current Santa Fe market report

Meet the team at Scarborough Realty Group.

Posted in Local Guides
Aug. 24, 2026

Sell My House in Santa Fe, NM: What You Need to Know Right Now

If you're thinking "I need to sell my house in Santa Fe," the market conditions right now matter more than they have in years — pricing and timing decisions have real, measurable consequences. Here's where things stand (SFAR MLS, Santa Fe city, single-family homes, 12 months ending August 2026): the median home sells for $719,000 in a median of 30 days, at 96.3% of original list price, with 4.4 months of inventory citywide.

That last number is the one sellers should pay attention to first — because it varies enormously by price band, and your price band determines whether you're in a fast-moving market or a slow one.

What Determines How Fast (and For How Much) Your Home Sells

Your price band changes everything. A home priced $400k-$700k is competing in the tightest segment of the market — just 2.9 months of inventory, meaning demand currently outpaces supply and homes move in a median of 30 days. A home priced over $2M is in a completely different market: 14.3 months of standing inventory and a median of 53 days on market. If your home is priced in that top tier, you're not competing against last month's sales pace — you're competing against over a year of accumulated unsold inventory.

Pricing right the first time matters more than most sellers realize. Over the past year, 37% of Santa Fe listings took a price reduction before selling, with a median reduction of 6.9% when it happened. Homes that get priced correctly from day one — based on real comparable sales, not wishful thinking — tend to sell faster and closer to their original number. The sellers who avoid the reduction cycle are the ones who price to the current data, not to what a similar house sold for two years ago.

Most sellers are still negotiating, just not dramatically. 65% of homes sold under asking price this year, with a median discount of 3.9% when that happened. Only 8.6% sold over asking. This is a market where a well-priced home in a competitive band still generates real interest and a fair outcome — but the days of routine bidding wars driving prices well above ask are behind us for most of the city.

Should You List Now or Wait?

There's no universal answer, but a few real signals worth checking before deciding:

  • What band is your home in? If you're in the $400k-$1M range, inventory is tight (2.9-3.7 months) — a genuinely good time to list if you're ready.
  • What's happened in your specific neighborhood recently? Citywide numbers hide real neighborhood variation — Eldorado at Santa Fe, for example, is currently moving in a median of just 16 days with only 2.1 months of inventory, well ahead of the citywide pace. See the full Eldorado market report.
  • Are you also buying? If you're selling to buy your next home, current mortgage rates and your target market's inventory matter as much as your own listing timeline.

What Actually Goes Into Pricing Your Home Correctly

Getting a listing price right isn't guesswork — it comes from comparing your home against genuinely comparable recent sales: same price band, similar square footage, and — critically — the current pace of the market, not last year's. A home that would have sold in 15 days in 2022 might reasonably take 30-45 days today, and pricing strategy needs to reflect that shift, not fight it.

This is also where a local, MLS-grounded pricing conversation beats an automated online estimate. Algorithmic home-value tools are built on public records and broad averages; they don't know that your specific block is in Eldorado's 16-day market instead of the citywide 30-day pace, or that your price band has 2.9 months of inventory instead of 14.

Get a Real Santa Fe Home Value Estimate

We track both the Santa Fe (SFAR) and Albuquerque MLS systems daily, so when we walk you through your home's value, it's grounded in the actual current data for your specific neighborhood and price band — not a generic algorithm. Get a real, conversation-based home value estimate, or see the full current market breakdown for your area first.

the current Santa Fe market report

Meet the team at Scarborough Realty Group.

Posted in Local Guides
Aug. 24, 2026

Santa Fe Housing Market 2026: Prices, Trends & Best Neighborhoods

Is Santa Fe a good place to live, and what's actually happening in its housing market right now? Here's the short version, sourced directly from SFAR MLS data (Santa Fe city, single-family homes, 12 months ending August 2026): the median home sells for $719,000 at $372/sqft, typically closing in 30 days at 96.3% of original list price, with 4.4 months of inventory — a moderately balanced market that leans toward sellers but isn't the frenzy Santa Fe saw in 2021-2022.

This guide breaks down home prices by price band, current market trends, and how the "best neighborhood" answer actually depends on what you're optimizing for.

Santa Fe Home Prices Right Now

The headline median ($719,000) hides a lot of range. Here's how the market splits by price band (SFAR MLS, 12 months ending August 2026):

Price Band Share of Sales Median $/sqft Median Days on Market Months of Inventory
Under $400k 6.3% $296 24 — (thin)
$400k–$700k 42.2% $328 30 2.9
$700k–$1M 21.0% $373 27 3.7
$1M–$2M 22.3% $481 29 4.8
Over $2M 8.2% $655 53 14.3

The $400k–$700k band is where Santa Fe's housing market actually lives — it accounts for over 4 in 10 sales and moves the fastest relative to inventory (under 3 months of supply, which favors sellers). The luxury tier (over $2M) is a completely different market: homes sit a median of 53 days and there's over a year of inventory sitting unsold, meaning pricing power shifts firmly to buyers at the top end.

Recent price movement: looking at 30-day, 90-day, and 365-day windows side by side shows where momentum is:

  • Last 30 days: median sale price $817,500, 120 sales
  • Last 90 days: median sale price $760,000, 377 sales
  • Last 365 days: median sale price $719,000, 1,407 sales

The shorter windows are running above the trailing-year median — a signal of continued price appreciation, though shorter windows also carry more month-to-month noise from mix shift (which homes happened to sell) than the full-year figure.

Is Santa Fe a Buyer's or Seller's Market?

At 4.4 months of citywide inventory, Santa Fe sits close to the traditional 4-6 month "balanced market" range, but that citywide number masks real variation:

  • 65% of homes sold under asking price over the past year, with a median discount of about 3.9% when that happens.
  • Only 8.6% sold over asking, with a modest 2.3% median premium when it occurs.
  • 37% of listings took a price reduction before selling, with a median reduction of 6.9% when it happened.

Read together, this is a market where most sellers still get close to their number (96.3% of original list), but outright bidding wars are the exception, not the rule — a meaningful shift from the pandemic-era market. Buyers who come in with a reasonable, data-backed offer have real room to negotiate; sellers who price realistically from the start avoid the reduction cycle entirely.

Santa Fe Cost of Living, in Context

Housing is the main driver of Santa Fe's above-average cost of living — a widely cited index puts the city around 112 (about 12% above the national average), driven mostly by housing costs rather than groceries or utilities, which run closer to typical U.S. levels.

The one genuine bright spot: New Mexico's property taxes are low. The statewide effective rate runs about 0.63%, with a median annual bill around $1,776 — well below what buyers from California, Illinois, New Jersey, or Texas are used to. New Mexico's fractional assessment system means your taxable value is only about a third of appraised market value, and owner-occupied homes get a 3% annual cap on valuation increases, which protects against the kind of tax-bill spikes that can accompany rapid price appreciation elsewhere.

Best Neighborhoods in Santa Fe (It Depends What You Want)

There's no single "best" neighborhood in Santa Fe — the right answer depends entirely on what you're optimizing for:

Want walkability and historic character? The Historic Eastside / Canyon Road area is Santa Fe's postcard neighborhood — adobe compounds and art galleries, walkable to the Plaza. Prices run from the high-$700,000s into the multiple millions; because sales volume is low here, reported "average" prices can swing 40%+ year to year from sample-size noise alone.

Want a faster-moving, established feel with more land? Eldorado at Santa Fe, about 15 minutes southeast, is currently the tightest submarket in the city: median sale price $699,059, homes selling at 98.2% of original list, a median of just 16 days on market, and only 2.1 months of inventory — meaningfully faster than the citywide average. See the full Eldorado market report.

Want golf, privacy, and larger lots? Las Campanas is a gated 4,700-acre community with 17 architectural "enclaves," homes from roughly $875,000 to over $5.5 million, and vacant land from $265,000 to $2.4 million.

Want authentic mid-century character at a more accessible price? Casa Solana, built in the 1950s-60s, is full of "Stamm homes" with hardwood floors and kiva fireplaces — walkable to the Santa Fe River Trail and Frank Ortiz Dog Park.

Want affordability without leaving city limits? Tierra Contenta, a master-planned community founded in 1995, has an explicit affordability mission: at least 40% of homes are intended to be affordable to households earning under 80% of area median income.

For the full current inventory and pricing in any of these areas, browse the current Santa Fe market report or search active listings directly.

What's My Santa Fe Home Worth Right Now?

Home values move with the market data above — a home in the $400k-$700k band is in the fastest-moving, most competitive segment; a home over $2M is competing against 14+ months of standing inventory. If you're trying to sell, the two numbers that matter most are your realistic price band and how it compares to current days-on-market and reduction rates for that band.

Get a data-backed estimate of your Santa Fe home's current value, or talk through pricing strategy directly with our team — we work both the Santa Fe and Albuquerque MLS daily and can walk you through exactly where your home sits in the market above.

Meet the team at Scarborough Realty Group.

Posted in Local Guides
Aug. 19, 2026

Aldea De Santa Fe NM Market Snapshot — August 2026

15 homes sold in Aldea De Santa Fe (Santa Fe, NM) over the last 12 months (SFAR MLS data through August 17, 2026) — too few closed sales for a statistically reliable neighborhood-level median price or sale-to-ask ratio, so we don't publish one. Right now there are 4 active listings with a median list price of $1,040,000 and a median 30 days on market (SFAR MLS data). 3 homes are currently pending. For pricing context, the broader Santa Fe market overall posted a median sale price of $665,000 on 1,739 closed sales over the same 12-month window (SFAR MLS data) — our brokers can translate that city-wide baseline into a real comp analysis for a specific Aldea De Santa Fe address using full MLS-level detail that isn't published here.

Aldea De Santa Fe Market Snapshot — thin-sample subdivision

MetricValue
Geographic binAldea De Santa Fe, NM — subdivision/neighborhood level
Data source board(s)SFAR
Homes sold, last 12 months15
Reliable neighborhood median price?Not published — below the 20-sale reliability floor
Active listings (inventory)4
Median active list price$1,040,000
Median active list $/sqft$415/sqft
Median days on market, active listings30 days
Pending sales3
Santa Fe overall — median sale price, 12 mo (context only)$665,000
Santa Fe overall — homes sold, 12 mo (context only)1,739

Frequently Asked Questions

How many homes sold in Aldea De Santa Fe?

15 homes sold in Aldea De Santa Fe, NM over the trailing 12 months (SFAR MLS data through August 17, 2026). That's below the 20-sale threshold we use for a statistically reliable neighborhood-level median price, so we report the count but not a median or sale-to-ask ratio for Aldea De Santa Fe specifically.

What is the median home price in Aldea De Santa Fe, NM?

With only 15 closed sales in Aldea De Santa Fe over the last 12 months (SFAR MLS data), there isn't a reliable neighborhood-level median sale price to publish — a handful of closings can swing wildly and wouldn't represent the market fairly. Current active listings carry a median list price of $1,040,000, which reflects seller asking prices, not closed sale data. For pricing context, Santa Fe overall posted a median sale price of $665,000 on 1,739 closed sales in the same window (SFAR MLS data). Our brokers have MLS-level detail and can build a real comparative market analysis for a specific property in this neighborhood.

Are there homes for sale in Aldea De Santa Fe right now?

As of this snapshot (SFAR MLS data, August 17, 2026), Aldea De Santa Fe shows 4 active listings (median list price $1,040,000) and 3 pending sales.

Why doesn't this page show a full market report for Aldea De Santa Fe?

New Mexico is a non-disclosure state, and on top of that, statistics computed from very small sale counts aren't reliable indicators of a neighborhood's true market — a single unusual sale can distort a median by tens of thousands of dollars. We only publish sold-price medians and sale-to-ask ratios once a subdivision clears 20 closed sales in the trailing 12 months (Aldea De Santa Fe had 15 over that window, SFAR MLS data). Below that floor we still show what's reliably knowable — sold counts, active/pending inventory, and list-price context — and our brokers can walk through the MLS-level comps directly.

Related Market Reports


Data source & methodology: Sold-count, active-listing, and pending-sale statistics computed from board-direct SFAR MLS records for Aldea De Santa Fe, New Mexico, subdivision/neighborhood-level geographic bin (SFAR `subdivision` field), snapshot August 17, 2026. New Mexico is a non-disclosure state: individual sale prices are never published. In addition, Aldea De Santa Fe closed only 15 sales in the trailing 12-month window, below the 20-sale floor this site uses for publishing a subdivision-level median sale price, sale-to-ask ratio, or other price-derived statistic — those numbers are suppressed here rather than estimated from too small a sample, even though the sold count itself, and active-listing asking-price data (never a sold price), are shown. Parent-bin context above is drawn from the unsuppressed Santa Fe city-level 12-month closed-sale statistics (SFAR MLS data) for orientation only — it is not a Aldea De Santa Fe-specific figure. Prepared by Matthew Scarborough — Scarborough Realty Group, Keller Williams Santa Fe; for a comparative market analysis using full MLS-level detail on a specific Aldea De Santa Fe property, contact our team directly.

Posted in Market Reports
Aug. 19, 2026

Monte Sereno, Santa Fe NM Home Sales Snapshot (Aug 2026)

4 homes sold in Monte Sereno (Santa Fe, NM) over the last 12 months (SFAR MLS data through August 17, 2026) — too few closed sales for a statistically reliable neighborhood-level median price or sale-to-ask ratio, so we don't publish one. Right now there are 6 active listings with a median list price of $4,235,000 and a median 154 days on market (SFAR MLS data). For pricing context, the broader Santa Fe market overall posted a median sale price of $665,000 on 1,739 closed sales over the same 12-month window (SFAR MLS data) — our brokers can translate that city-wide baseline into a real comp analysis for a specific Monte Sereno address using full MLS-level detail that isn't published here.

Monte Sereno (Santa Fe) Market Snapshot — thin-sample subdivision

MetricValue
Geographic binMonte Sereno (Santa Fe), NM — subdivision/neighborhood level
Data source board(s)SFAR
Homes sold, last 12 months4
Reliable neighborhood median price?Not published — below the 20-sale reliability floor
Active listings (inventory)6
Median active list price$4,235,000
Median active list $/sqft$959/sqft
Median days on market, active listings154 days
Pending sales0
Santa Fe overall — median sale price, 12 mo (context only)$665,000
Santa Fe overall — homes sold, 12 mo (context only)1,739

Frequently Asked Questions

How many homes sold in Monte Sereno?

4 homes sold in Monte Sereno (Santa Fe), NM over the trailing 12 months (SFAR MLS data through August 17, 2026). That's below the 20-sale threshold we use for a statistically reliable neighborhood-level median price, so we report the count but not a median or sale-to-ask ratio for Monte Sereno specifically.

What is the median home price in Monte Sereno, NM?

With only 4 closed sales in Monte Sereno over the last 12 months (SFAR MLS data), there isn't a reliable neighborhood-level median sale price to publish — a handful of closings can swing wildly and wouldn't represent the market fairly. Current active listings carry a median list price of $4,235,000, which reflects seller asking prices, not closed sale data. For pricing context, Santa Fe overall posted a median sale price of $665,000 on 1,739 closed sales in the same window (SFAR MLS data). Our brokers have MLS-level detail and can build a real comparative market analysis for a specific property in this neighborhood.

Are there homes for sale in Monte Sereno right now?

As of this snapshot (SFAR MLS data, August 17, 2026), Monte Sereno shows 6 active listings (median list price $4,235,000).

Why doesn't this page show a full market report for Monte Sereno?

New Mexico is a non-disclosure state, and on top of that, statistics computed from very small sale counts aren't reliable indicators of a neighborhood's true market — a single unusual sale can distort a median by tens of thousands of dollars. We only publish sold-price medians and sale-to-ask ratios once a subdivision clears 20 closed sales in the trailing 12 months (Monte Sereno had 4 over that window, SFAR MLS data). Below that floor we still show what's reliably knowable — sold counts, active/pending inventory, and list-price context — and our brokers can walk through the MLS-level comps directly.

Related Market Reports


Data source & methodology: Sold-count, active-listing, and pending-sale statistics computed from board-direct SFAR MLS records for Monte Sereno (Santa Fe), New Mexico, subdivision/neighborhood-level geographic bin (SFAR `subdivision` field), snapshot August 17, 2026. New Mexico is a non-disclosure state: individual sale prices are never published. In addition, Monte Sereno closed only 4 sales in the trailing 12-month window, below the 20-sale floor this site uses for publishing a subdivision-level median sale price, sale-to-ask ratio, or other price-derived statistic — those numbers are suppressed here rather than estimated from too small a sample, even though the sold count itself, and active-listing asking-price data (never a sold price), are shown. Parent-bin context above is drawn from the unsuppressed Santa Fe city-level 12-month closed-sale statistics (SFAR MLS data) for orientation only — it is not a Monte Sereno-specific figure. Prepared by Matthew Scarborough — Scarborough Realty Group, Keller Williams Santa Fe; for a comparative market analysis using full MLS-level detail on a specific Monte Sereno property, contact our team directly.

Posted in Market Reports