As of August 16, 2026, the median list price in ZIP code 87505 (south-central Santa Fe) is $700,000 across 301 active listings. For residential homes (single-family and attached), the median list price is $992,500 at a median of $457 per square foot. 75 new listings hit the market in the last 30 days. With 57 listings under contract (18.9% of inventory), conditions point to a balanced-to-seller's market.
ZIP 87505 Market Snapshot (zip-level data)
| Metric | Value |
|---|---|
| Active listings (inventory) | 301 |
| Median list price | $700,000 |
| Average (mean) list price | $1,247,881 |
| Middle 50% price range (P25–P75) | $440,000 – $1,385,000 |
| Median price per sqft | $456/sqft |
| Median days on market | 58 days |
| New listings (last 30 days) | 75 |
| Under contract | 57 (18.9%) |
| Median year built | 1987 |
| Median living area | 1,892 sqft |
What Homes Actually Sold For in ZIP 87505 (closed-sale data)
| Metric | Value |
|---|---|
| Homes sold (last 12 months) | 289 |
| Median sale price (12 mo) | $665,000 |
| Median sold $/sqft (12 mo) | $380/sqft |
| Sale-to-list ratio (12 mo) | 98.1% |
| Median days on market, sold homes (12 mo) | 21 days |
| Homes sold (last 90 days) | 68 |
| Median sale price (90 days) | $670,000 |
| Months of inventory (true absorption) | 5.0 months |
Sales by Price Band (last 12 months)
| Price band | Closed sales |
|---|---|
| Under $400K | 20 sales (7%) |
| $400K–$700K | 135 sales (47%) |
| $700K–$1M | 60 sales (21%) |
| $1M–$2M | 52 sales (18%) |
| Over $2M | 22 sales (8%) |
By Property Type
| Property type | Inventory | Median list price | Median $/sqft | Median DOM |
|---|---|---|---|---|
| Residential (single-family & attached homes) | 156 | $992,500 | $457 | 54 |
| Condominium / townhome | 69 | $525,000 | $454 | 50 |
| Vacant land & lots | 28 | $334,500 | — | 234 |
| Multi-family | 12 | $749,000 | — | — |
Frequently Asked Questions
What is the median home price in ZIP 87505, New Mexico?
As of August 16, 2026, the median list price in ZIP code 87505 (south-central Santa Fe) is $700,000 across 301 active listings (all property types). For residential homes specifically, the median list price is $992,500.
What is the average price per square foot in ZIP 87505, NM?
The median price per square foot in ZIP code 87505 (south-central Santa Fe) is $456/sqft (mean $517/sqft), based on 224 listings with reported square footage, as of August 16, 2026.
How long do homes take to sell in ZIP 87505, NM?
Active listings in ZIP code 87505 (south-central Santa Fe) show a median of 58 days on market (mean 113 days) as of August 16, 2026. Well-priced homes in high-demand segments move faster than the median.
Is ZIP 87505 a buyer's or seller's market right now?
Current data points to a balanced-to-seller's market in ZIP code 87505 (south-central Santa Fe): 19% of listed inventory is under contract — steady absorption (57 of 301 listings under contract as of August 16, 2026).
What price range covers most homes for sale in ZIP 87505, NM?
The middle 50% of active listings in ZIP code 87505 (south-central Santa Fe) are priced between $440,000 and $1,385,000. Listings range from $90,000 up to $10,000,000, so segment matters — averages alone can mislead.
What do homes actually sell for in ZIP 87505, NM?
Over the last 12 months, 289 homes closed in ZIP code 87505 (south-central Santa Fe) at a median sale price of $665,000 ($380/sqft). Sellers received a median 98.1% of their final list price. Data through August 16, 2026; aggregate MLS sold data from the SFAR and SWMLS boards.
How fast are homes selling in ZIP 87505, NM?
Homes that closed in ZIP code 87505 (south-central Santa Fe) over the last 12 months went under contract in a median of 21 days on market. At 5.0 months of inventory, supply and demand are roughly balanced (6 months is the classic equilibrium benchmark).
Data source & methodology: Active-listing statistics computed from Santa Fe Association of REALTORS® (SFAR) MLS data as displayed via IDX on buysellnewmexico.com, snapshot date August 16, 2026. Geographic bin: ZIP code 87505 (south-central Santa Fe) (bin type: zip). Closed-sale statistics computed from board-direct SFAR MLS sold records (as of 2026-08-17), 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.