87501 Home Values & Market Trends
There are 14 homes currently listed for 87501. 87501 real estate market trends show that home prices range from $119,900 to $2,300,000, and the median sales price in the 87501 zip code is $690,629.57. The total number of properties sold within the past twelve months is 328. In 87501, 5 properties are in foreclosure, 3 are bank owned properties,and 1 are headed for auction.
Housing Market Summary for 87501
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $639K | $719.3K | 12.56% |
| Median Sold Price | $666.5K | $719.3K | 7.91% |
| Homes For Sale | 9 | 14 | 55.56% |
| Homes Sold | 172 | 177 | 2.91% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 87501
Browse Homes in 87501
The median list price of a home in Santa Fe, is $690,629.57. A total of 14 properties are for sale, and the percentage of properties for sale in the zip code is 14.00%. The total count of 87501 properties is 8,760.
- Pre-ForeclosurePre-foreclosure homes account for 0.01% of all residential properties in 87501 with santa fe containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 87501; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,125,078 in santa fe to the lowest home value of $155,259 in santa fe.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 87501 ranges from the highest value of $835,082 in santa fe to the lowest value of $225,211 in santa fe. Bank owned homes and properties account for 0.03% of properties in 87501. There is 1 cities within 87501; santa fe containing 7 REO properties, has the highest number of bank owned properties in a single city.
- Auctionssanta fe has 4 auction properties, the highest number of properties going to auction in a single city in the state of 87501. Auction homes and other auction properties account for 0.01% of all properties in 87501. There is 1 cities within 87501; of that cities, the median estimated home value for homes going to auction ranges from $523,996 in santa fe to the lowest value of $413,500 in santa fe.
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Guide for 87501
This article describes the fluctuating real estate market of Santa Fe and neighboring cities from July 2023 to March 2024, focusing on property values, sale prices, and number of sold homes.
Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.