Are you considering relocating to Santa Fe in 2025? You’re not alone. Santa Fe continues to attract people from across the U.S. with its desert mountain light, historic charm, and distinctive architecture. But real estate here is unique — and depending on your budget, what you can get for your money varies widely.

In this article, I’ll walk you through the current Santa Fe housing market (as of September 2025) and break down different budget tiers so you’ll know what to expect when searching for your Santa Fe dream home. If you’d rather watch or listen, the full YouTube video is embedded below.

If you would rather watch or listen to this content, check out the video!

As of mid-2025, Santa Fe’s real estate market shows some interesting trends:

• Median sale price: ~$575,000 (up about 6–7% year-over-year)
• Average home value: ~$625,000
• Average days on market: 60–65 days
• Luxury & historic district median price: ~$1.6 million

Inventory remains somewhat tight, but there’s more available now than in previous years. Homes in premium neighborhoods with mountain views, larger lots, or historic character continue to command higher prices.

• Average price = all home values added up, divided by the number of homes (skewed by very high or very low sales).
• Median price = the middle price point (half sell above, half below).
• In Santa Fe, the two are fairly close, but luxury homes push averages higher in certain neighborhoods.

For this breakdown, we’ll focus primarily on median prices to give you a clearer sense of what typical homes cost in different neighborhoods.

• In Santa Fe, this is considered entry-level to lower mid-market. Options include:
• Starter homes, smaller single-family houses, condos, or townhomes
• Some older homes needing updates

Neighborhoods to explore:

• Rancho Viejo – Median ~$584,000, but some smaller townhomes fall under $500K.
• Tierra Contenta – Newer homes, modest lots, typically $400K–$550K.
• Southside / Airport Road area – Neighborhoods like Bella and Casa Alegre, with mid-century homes on smaller lots. Good fixer-upper potential.

If your budget is under $300K–$350K, expect to look 30–60 minutes outside the city in areas like Pojoaque, Glorieta, Madrid, Española, or Cochiti.

This range opens more opportunities for single-family homes in better condition and better locations.

Neighborhoods to explore:

• Casa Solana – Sought-after location with a ~$610K median. Homes by Santa Fe builder Alan Stamm are common here.
• Village at Rancho Viejo – Median ~$726K, with smaller homes and townhomes sometimes dipping into this tier.
• Aldea de Santa Fe & Las Estrellas – Mid-size homes in newer or well-maintained subdivisions near the western edge of town.

Here you’ll find larger homes, more architectural character, and better locations.

Neighborhoods to explore:

• Eldorado at Santa Fe – Median ~$768K. Known for large 1-acre lots, Pueblo-style homes, and a strong community feel.
• South Capitol & Railyard District – Central, historic areas with Pueblo Revival and Territorial-style homes. Many listings fall between $750K–$1.25M.
• DeVargas Heights, Museum Hill, La Tierra (smaller lots) – Homes often $650K–$895K, with scenic views and great finishes.

This tier puts you in Santa Fe’s luxury market, with larger acreage, high-end finishes, and top-tier neighborhoods.

Neighborhoods to explore:

• Hyde Park – Luxury homes in the foothills along Ski Mountain Road.
• Santa Fe Summit – Near Ten Thousand Waves Spa, median ~$2.46M.
• Las Campanas – Gated golf and luxury home community northwest of the city.
• La Tierra (larger lots) – Custom homes, horse properties, and mountain views.

At this level, you’re looking at prestigious estates, historic properties, and ranch acreage.

Neighborhoods to explore:

• East Side Historic District & Canyon Road – Rare, iconic properties near downtown.
• Hyde Park (upper tier) – Luxury estates with sweeping mountain views.
• Las Campanas (high-end estates) – Custom-built luxury homes on large lots.
• Sunlit Hills, Arroyo Hondo, Santa Fe Foothills, and Lamy – Larger parcels, ranch estates, and ultra-private properties.

1. Is Santa Fe real estate still competitive in 2025?
Yes. While inventory has improved, desirable neighborhoods and homes with views or historic charm still move quickly.

2. What’s the average home price in Santa Fe right now?
As of September 2025, the median sale price is ~$575,000, while the average is ~$625,000.

3. Where should I look for more affordable homes near Santa Fe?
Areas like Pojoaque, Glorieta, Madrid, Española, and Cochiti often offer homes under $350K.

4. Which neighborhoods are best for luxury homes?
Top luxury areas include Hyde Park, Las Campanas, Santa Fe Summit, and the East Side Historic District.

5. Is Eldorado still popular in 2025?
Absolutely — Eldorado remains a favorite for buyers who want larger lots, open views, and strong community amenities just 20 minutes from downtown.