Carl Krause
Las Cruces, NM 88007
Single-Family Homes
Realtor® | Real Broker | LasCrucesHomeTeam.com
Las Cruces, NM 88007
Thu Jul 17 2025
This week the median list price for Las Cruces, NM 88007 is $482,450 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 96.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $482,450 | |
| Median Price of New Listings | $287,500 | |
| Per Square Foot | $209 | |
| Average Days on Market | 105 | |
| Median Days on Market | 63 | |
| Price Decreased | 42% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 96 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly move 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 |
|---|---|---|---|---|---|---|---|---|
| $849,500 | 3,647 | 1 - 2.5 acres | 4 | 3.5 | 18 | 0 | 2 | 122 |
| $566,500 | 2,513 | 0.5 - 1 acre | 3 | 2.5 | 19 | 2 | 2 | 84 |
| $420,000 | 2,013 | 8,000 - 10,000 sqft | 3 | 2 | 20 | 1 | 3 | 56 |
| $274,450 | 1,677 | 4,500 - 6,500 sqft | 3 | 2 | 19 | 5 | 3 | 38 |