Market Update
Santa Fe
Q3 2023
Residential Property Snapshot
Single Family Homes & Condos | Q3 2023
Med. Sales Price
$675k
9% more than in
Q3 2022
Q3 2022
Avg. Days On Market
40
11% fewer than in
Q3 2022
Q3 2022
Closed Sales
445
13% fewer than in
Q3 2022
Q3 2022
Inventory
429
22% more than in
Q3 2022
Q3 2022
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '19 | $423k | $562k | 666 |
| Q3 '20 | $504k | $648k | 680 |
| Q3 '21 | $540k | $739k | 681 |
| Q3 '22 | $622k | $824k | 514 |
| Q3 '23 | $675k | $870k | 445 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 28.5% |
|---|---|
| Q3 '23 | 127 |
| Q3 '22 | 181 |
| 1YR CHANGE | -30% |
| Closed $500k - $1m | 43.1% |
| Q3 '23 | 192 |
| Q3 '22 | 215 |
| 1YR CHANGE | -11% |
| Closed $1m - $2m | 23.8% |
| Q3 '23 | 106 |
| Q3 '22 | 93 |
| 1YR CHANGE | +14% |
| Closed Over $2m | 4.5% |
| Q3 '23 | 20 |
| Q3 '22 | 25 |
| 1YR CHANGE | -20% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '19 | 60 | $423k |
| Q3 '20 | 53 | $504k |
| Q3 '21 | 24 | $540k |
| Q3 '22 | 45 | $622k |
| Q3 '23 | 40 | $675k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q3 2023
Rotate your device to view as table
'22 - '23
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
22%
New Listings
New Listings represents the number of properties listed during the quarter.
-6%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
36%
Closed Sales
-13%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
-11%
Eldorado
Median
$672k
DOM
14
Sales
36
Inv
10
Galisteo
Median
$1.18m
DOM
14
Sales
3
Inv
7
Historic Eastside
Median
$1.19m
DOM
52
Sales
11
Inv
3
Lamy
Median
$499k
DOM
104
Sales
3
Inv
1
Las Campanas
Median
$1.65m
DOM
98
Sales
23
Inv
38
Los Alamos
Median
$614k
DOM
15
Sales
48
Inv
8
Northern New Mexico
Median
$615k
DOM
43
Sales
608
Inv
623
Northwest of City Limits
Median
$1.68m
DOM
99
Sales
22
Inv
34
Rancho Viejo
Median
$605k
DOM
19
Sales
17
Inv
12
Santa Fe City Northeast
Median
$885k
DOM
36
Sales
50
Inv
56
Santa Fe City Northwest
Median
$1.2m
DOM
33
Sales
41
Inv
57
Santa Fe City Southeast
Median
$1.01m
DOM
28
Sales
47
Inv
36
Santa Fe City Southwest
Median
$575k
DOM
18
Sales
33
Inv
31
Southeast of City Limits
Median
$1.06m
DOM
20
Sales
6
Inv
5
Southern New Mexico
Median
$174k
DOM
85
Sales
20
Inv
42
Southwest of City Limits
Median
$789k
DOM
7
Sales
3
Inv
4
Taos
Median
$675k
DOM
48
Sales
4
Inv
3
Tesuque
Median
$3.88m
DOM
375
Sales
2
Inv
12
White Rock
Median
$548k
DOM
11
Sales
18
Inv
4