As of October 11, 2026, the median list price in ZIP code 87508 (southeast Santa Fe County / Eldorado corridor) is $672,500 across 208 active listings. For residential homes (single-family and attached), the median list price is $699,000 at a median of $334 per square foot. 40 new listings hit the market in the last 30 days. With 46 listings under contract (22.1% of inventory), conditions point to a balanced-to-seller's market.
ZIP 87508 Market Snapshot (zip-level data)
| Metric | Value |
|---|---|
| Active listings (inventory) | 208 |
| Median list price | $672,500 |
| Average (mean) list price | $818,176 |
| Middle 50% price range (P25–P75) | $498,000 – $876,000 |
| Median price per sqft | $334/sqft |
| Median days on market | 65 days |
| New listings (last 30 days) | 40 |
| Under contract | 46 (22.1%) |
| Median year built | 2002 |
| Median living area | 2,178 sqft |
What Homes Actually Sold For in ZIP 87508 (closed-sale data)
Closed-sale data: detached single-family homes in ZIP 87508, SFAR MLS. Trailing 12 months through October 11, 2026. Inventory and pending counts in this section use that same snapshot date.
| Metric | Value |
|---|---|
| Homes sold (last 12 months) | 289 |
| Median sale price (12 mo) | $699,059 |
| Median sold $/sqft (12 mo) | $350/sqft |
| Median days on market, sold homes (12 mo) | 34 days |
| Original asking price received (median, 12 mo) | 96.7% of original asking price |
| Sold above / below final asking (12 mo) | 10% sold over asking (while 63% sold under) |
| Final asking price received (median, 12 mo) | 98.6% of final asking price |
| Homes sold (last 90 days) | 84 |
| Median sale price (90 days) | $687,142 |
| Months of inventory (true absorption) | 3.8 months |
Sales by Price Band (last 12 months)
| Price band | Closed sales |
|---|---|
| Under $400K | 3 sales (1%) |
| $400K–$700K | 142 sales (49%) |
| $700K–$1M | 108 sales (37%) |
| $1M–$2M | 34 sales (12%) |
| Over $2M | 2 sales (1%) |
By Property Type
| Property type | Inventory | Median list price | Median $/sqft | Median DOM |
|---|---|---|---|---|
| Residential (single-family & attached homes) | 169 | $699,000 | $334 | 59 |
| Vacant land & lots | 33 | $275,000 | — | 149 |
Frequently Asked Questions
What is the median home price in ZIP 87508, New Mexico?
As of October 11, 2026, the median list price in ZIP code 87508 (southeast Santa Fe County / Eldorado corridor) is $672,500 across 208 active listings (all property types). For residential homes specifically, the median list price is $699,000.
What is the average price per square foot in ZIP 87508, NM?
The median price per square foot in ZIP code 87508 (southeast Santa Fe County / Eldorado corridor) is $334/sqft (mean $366/sqft), based on 171 listings with reported square footage, as of October 11, 2026.
How long do homes take to sell in ZIP 87508, NM?
Active listings in ZIP code 87508 (southeast Santa Fe County / Eldorado corridor) show a median of 65 days on market (mean 153 days) as of October 11, 2026. Well-priced homes in high-demand segments move faster than the median.
Is ZIP 87508 a buyer's or seller's market right now?
Current data points to a balanced-to-seller's market in ZIP code 87508 (southeast Santa Fe County / Eldorado corridor): 22% of listed inventory is under contract — steady absorption (46 of 208 listings under contract as of October 11, 2026).
What price range covers most homes for sale in ZIP 87508, NM?
The middle 50% of active listings in ZIP code 87508 (southeast Santa Fe County / Eldorado corridor) are priced between $498,000 and $876,000. Listings range from $119,999 up to $16,500,000, so segment matters — averages alone can mislead.
What do homes actually sell for in ZIP 87508, NM?
Over the 12 months through October 11, 2026, 289 detached single-family homes closed in ZIP code 87508 (southeast Santa Fe County / Eldorado corridor) at a median sale price of $699,059 ($350/sqft). Sellers received a median 96.7% of original asking price. Aggregate MLS sold data from SFAR.
How fast are homes selling in ZIP 87508, NM?
For detached single-family homes that closed in ZIP code 87508 (southeast Santa Fe County / Eldorado corridor) in the 12 months through October 11, 2026, median recorded days on market was 34. At 3.8 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) and Southwest MLS (SWMLS) data as displayed via IDX on buysellnewmexico.com, snapshot date October 11, 2026. Geographic bin: ZIP code 87508 (southeast Santa Fe County / Eldorado corridor) (bin type: zip). Closed-sale statistics computed from board-direct SFAR MLS sold records for detached single-family homes (as of 2026-10-11), 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.