Santa Fe Real Estate Market Update – Q3 2025

The Santa Fe real estate market stayed strong through the third quarter of 2025 — steady, resilient, and showing signs of healthy balance between buyers and sellers.

Median Price:
The median sales price for Q3 2025 was $673,000, up about 1% from the same time last year. Prices have leveled off after several years of rapid appreciation, but that slight increase shows continued confidence in the Santa Fe market. Buyers are still drawn to our lifestyle, beauty, and culture — and sellers are finding that well-priced homes continue to attract serious attention.

Closed Sales:
There were 502 closed sales this quarter — a 17% increase over Q3 2024. That’s a significant rise in activity, and it tells us that more buyers are finding opportunities that fit their needs, even in a market where affordability and inventory remain challenges nationwide.

Days on Market:
The average days on market rose to 59, which is 31% higher than last year. That means homes are taking a little longer to sell, reflecting a more normalized pace after the whirlwind markets of 2021–2023. For sellers, that translates to a need for strategic pricing and great marketing. For buyers, it means there’s a bit more breathing room to make thoughtful decisions.

Inventory:
Inventory climbed to 726 homes, about 20% higher than a year ago. More listings mean more choices — and that’s good news for both buyers and sellers. Buyers have more options to explore, while sellers can rely on strong demand from those who’ve been waiting for the right property.

Overall, Q3 2025 shows a Santa Fe market that’s healthy and balanced — prices are steady, sales are up, and there’s room for everyone to find their rhythm. Whether you’re thinking about buying, selling, or just keeping an eye on the market, it’s a great time to connect and talk strategy for the rest of the year.

I'm here when you need me! Bunny Terry 505-504-1101