Carl Krause

Las Cruces, NM 88011

Single-Family Homes

Realtor® | Real Broker | LasCrucesHomeTeam.com


Las Cruces, NM 88011

Tue Apr 29 2025
This week the median list price for Las Cruces, NM 88011 is $489,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has increased to 139. Click here to stay informed with the Las Cruces market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Las Cruces, NM 88011

Tue Apr 29 2025
This week the median list price for Las Cruces, NM 88011 is $489,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has increased to 139. Click here to stay informed with the Las Cruces market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Las Cruces market.
Median List Price $489,000
Median Price of New Listings $407,000
Per Square Foot $200
Average Days on Market 101
Median Days on Market 70
Price Decreased 42%
Price Increased 1%
Relisted 7%
Inventory 139
Median Rent
Market Action 34
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$777,500 3,297 1 - 2.5 acres 4 3.5 20 2 2 84
$555,000 2,574 0.25 - 0.5 acre 4 2.5 21 1 0 77
$439,000 2,239 8,000 - 10,000 sqft 3 2.5 17 6 6 70
$333,000 1,740 6,500 - 8,000 sqft 3 2 22 4 2 63