Real-Time Real Estate Market Report

Las Cruces, NM

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Las Cruces, NM

Tue Jul 01 2025
This week the median list price for Las Cruces, NM is $379,950 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 562. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Las Cruces, NM

Tue Jul 01 2025
This week the median list price for Las Cruces, NM is $379,950 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 562. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Las Cruces market.
Median List Price $379,950
Median Price of New Listings $329,500
Per Square Foot $191
Average Days on Market 101
Median Days on Market 63
Price Decreased 44%
Price Increased 1%
Relisted 9%
Inventory 562
Median Rent
Market Action 33
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change 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
$675,000 3,028 1 - 2.5 acres 4 3 19 5 4 84
$441,500 2,196 8,000 - 10,000 sqft 3 2 12 7 9 70
$339,000 1,858 6,500 - 8,000 sqft 3 2 9 9 9 56
$262,000 1,527 6,500 - 8,000 sqft 3 2 34 17 18 49