Updated May 2026 · Redfin · 3-month window
87508 Real Estate Market Update: Santa Fe, NM, May 2026
The latest housing-market numbers for ZIP code 87508 in Santa Fe, New Mexico, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $754K | ▲ +12.9% | ▲ +5.4% |
| Days on market | 56 | ▼ -23.3% | ▲ +8.7% |
| Homes for sale | 128 | ▲ +4.9% | ▲ +15.3% |
| Sale-to-list | 99.2% | ▲ +1.2% | ▲ +1.1% |
| Homes sold | 80 | ▲ +9.6% | ▼ -3.6% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 87508 numbers say
Prices in Santa Fe's 87508 ZIP are still climbing. The median sale price reached $753,798, up 5.4% year over year. The market has loosened: a typical listing now takes around 56 days to go under contract, with sellers getting 99.2% of list price.
Based on 80 recent sales, 87508 is currently an active market.
What this means if you sell in 87508
Use these figures to set expectations early. Lead a listing appointment with the median price and the 56-day pace, show the year-over-year direction, and frame 87508 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
Turn these 87508 numbers into a finished post.
Open LOKAL with Santa Fe ready to go. You'll get a carousel, story and square graphic with real figures in place, ready to export in seconds.
Build the Santa Fe post →Frequently asked: the 87508 housing market
- What is the median home price in ZIP 87508 (Santa Fe, NM)?
- As of May 2026, the median sale price in ZIP 87508 is $753,798 (+5.4% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 87508 a buyer's or seller's market right now?
- ZIP 87508 is currently an active market, based on a 99.2% sale-to-list ratio, about 56 days on market for May 2026.
- How long do homes take to sell in ZIP 87508?
- A typical listing in 87508 goes under contract in about 56 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 87508 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
More New Mexico markets
Nearby New Mexico ZIP codes
Embed this update on your site
Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.