Santa Fe, NM metro area Housing Market Brief
metro · NM · as of August 2026
What is Santa Fe, NM metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Santa Fe, NM metro area in its market cycle?
Santa Fe, NM metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Santa Fe, NM metro area?
Our model forecasts Santa Fe, NM metro area’s home prices to hold flat over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Santa Fe, NM metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $691K | ▲ +21.3% |
| Median Days on Market | 65 days | ▲ +4.8% |
| Months of Supply | 5.7 | ▲ +21.3% |
| Homes for Sale | 1,008 | ▲ +6.2% |
| Homes Sold | 184 | ▼ -11.5% |
| Median Price / Sq Ft | $362 | ▲ +1.8% |
How has Santa Fe, NM metro area’s Alpha Score moved?
Markets like Santa Fe, NM metro area
- Oxnard, CA metro area, CAmetro32
- Los Angeles, CA metro area, CAmetro30
- Lake Havasu City, AZ metro area, AZmetro33
- Anaheim, CA metro area, CAmetro32
- Oakland, CA metro area, CAmetro37
- San Luis Obispo, CA metro area, CAmetro27
- Corvallis, OR metro area, ORmetro35
- Boulder, CO metro area, COmetro29
- Sacramento, CA metro area, CAmetro36
- Las Cruces, NM metro area, NMmetro39
Frequently asked questions
Is Santa Fe, NM metro area a buyer's or seller's market?
As of August 2026, Santa Fe, NM metro area is classified as a Buyer's Market, based on its Alpha Score of 30 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Santa Fe, NM metro area?
The median sale price in Santa Fe, NM metro area is $691K, having risen 21.3% over the past year.
How affordable is Santa Fe, NM metro area?
Santa Fe, NM metro area scores 3 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Santa Fe, NM metro area's Alpha Score?
Santa Fe, NM metro area's strongest dimension is Price Momentum (60/100) and its weakest is Affordability (3/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Santa Fe, NM metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.