As of August 16, 2026, the median list price in ZIP code 87507 (southwest Santa Fe) is $537,500 across 276 active listings. For residential homes (single-family and attached), the median list price is $562,500 at a median of $322 per square foot. 59 new listings hit the market in the last 30 days. With 62 listings under contract (22.5% of inventory), conditions point to a balanced-to-seller's market.
ZIP 87507 Market Snapshot (zip-level data)
| Metric | Value |
|---|---|
| Active listings (inventory) | 276 |
| Median list price | $537,500 |
| Average (mean) list price | $760,820 |
| Middle 50% price range (P25–P75) | $435,000 – $770,000 |
| Median price per sqft | $318/sqft |
| Median days on market | 58 days |
| New listings (last 30 days) | 59 |
| Under contract | 62 (22.5%) |
| Median year built | 2006 |
| Median living area | 1,699 sqft |
By Property Type
| Property type | Inventory | Median list price | Median $/sqft | Median DOM |
|---|---|---|---|---|
| Residential (single-family & attached homes) | 176 | $562,500 | $322 | 46 |
| Condominium / townhome | 31 | $365,000 | $292 | 87 |
| Vacant land & lots | 27 | $675,000 | — | 81 |
| Multi-family | 8 | $1,074,500 | — | — |
Frequently Asked Questions
What is the median home price in ZIP 87507, New Mexico?
As of August 16, 2026, the median list price in ZIP code 87507 (southwest Santa Fe) is $537,500 across 276 active listings (all property types). For residential homes specifically, the median list price is $562,500.
What is the average price per square foot in ZIP 87507, NM?
The median price per square foot in ZIP code 87507 (southwest Santa Fe) is $318/sqft (mean $331/sqft), based on 207 listings with reported square footage, as of August 16, 2026.
How long do homes take to sell in ZIP 87507, NM?
Active listings in ZIP code 87507 (southwest Santa Fe) show a median of 58 days on market (mean 94 days) as of August 16, 2026. Well-priced homes in high-demand segments move faster than the median.
Is ZIP 87507 a buyer's or seller's market right now?
Current data points to a balanced-to-seller's market in ZIP code 87507 (southwest Santa Fe): 22% of listed inventory is under contract — steady absorption (62 of 276 listings under contract as of August 16, 2026).
What price range covers most homes for sale in ZIP 87507, NM?
The middle 50% of active listings in ZIP code 87507 (southwest Santa Fe) are priced between $435,000 and $770,000. Listings range from $117,999 up to $7,000,000, so segment matters — averages alone can mislead.
Data source & methodology: 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 87507 (southwest Santa Fe) (bin type: zip). Figures reflect ACTIVE and ACTIVE-UNDER-CONTRACT listings; sold/closed statistics are reported separately. 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.