Updated May 2026Redfin3-month window
87506 Real Estate Market Update: Santa Fe, NM, May 2026
The latest housing-market numbers for ZIP code 87506 in Santa Fe, New Mexico, for May 2026: a $1.4M median sale price, straight from Redfin Data Center. ZIP-level figures are a rolling three-month window (last public Redfin release).
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $1.4M | ▲ +3.8% | ▲ +1.8% |
| Days on market | 105 | ▼ -18.6% | ▲ +33.8% |
| Homes for sale | 150 | ▲ +8.7% | ▲ +5.6% |
| Sale-to-list | 96.6% | ▲ +1.0% | ▼ -0.7% |
| Homes sold | 59 | ▲ +15.7% | ▼ -9.2% |
Figures from Redfin Data Center (a rolling three-month window (last public Redfin release)). Verify against your MLS before posting. Not a valuation for a specific home.
What the 87506 numbers say
Prices in Santa Fe's 87506 ZIP are still climbing. The median sale price reached $1,400,000, up 1.8% year over year. The market has loosened: a typical listing now takes around 105 days to go under contract, with sellers getting 96.6% of list price.
With 150 homes for sale, 87506 is currently an active market.
What this means if you sell in 87506
Use these figures to set expectations early with each client. Lead a listing appointment with the $1.4M median price and the 105-day pace, show the year-over-year direction, and frame 87506 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 87506 market
We built LOKAL to pull 87506's numbers straight from Redfin Data Center, so an agent and a client read from the same source. For May 2026 we recorded a $1.4M median sale price, +1.8% year over year, a 96.6% sale-to-list ratio and a +3.8% month-over-month move across 59 recorded sales. That compares with roughly $1.38M a year earlier, in 2025. This ZIP is served from the last public Redfin release (frozen since June 2026) and only appears because it cleared at least 20 recorded sales for the period, so the median stays reliable instead of noisy. Both sources have published ZIP-level series for years, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 87506 (population, median household income, owner-occupancy), see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the 87506 post →Frequently asked: the 87506 housing market
- What is the median home price in ZIP 87506 (Santa Fe, NM)?
- As of May 2026, the median sale price in ZIP 87506 is $1,400,000 (+1.8% year over year), per Redfin Data Center. Figures are a rolling three-month window (last public Redfin release) for this ZIP code.
- Is ZIP 87506 a buyer's or seller's market right now?
- ZIP 87506 is currently an active market, based on a 96.6% sale-to-list ratio, about 105 days on market for May 2026.
- How long do homes take to sell in ZIP 87506?
- A typical listing in 87506 goes under contract in about 105 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 87506 market data come from?
- All figures for 87506 come from Redfin Data Center: a rolling three-month window (last public Redfin release). LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data from Redfin Data Center (ZIP-level market data, a rolling three-month window (last public Redfin release)), not a valuation for a specific home.