Carl Krause
Las Cruces, NM 88007
Single-Family Homes
Realtor® | Real Broker | LasCrucesHomeTeam.com
Las Cruces, NM 88007
Sat May 24 2025
This week the median list price for Las Cruces, NM 88007 is $564,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 85.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller'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 | $564,000 | |
| Median Price of New Listings | $396,500 | |
| Per Square Foot | $216 | |
| Average Days on Market | 125 | |
| Median Days on Market | 70 | |
| Price Decreased | 44% | |
| Price Increased | 1% | |
| Relisted | 4% | |
| Inventory | 85 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices 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 |
|---|---|---|---|---|---|---|---|---|
| $899,000 | 3,780 | 1 - 2.5 acres | 4 | 3.5 | 17 | 1 | 0 | 126 |
| $629,900 | 2,651 | 0.5 - 1 acre | 3 | 2.5 | 20 | 1 | 2 | 70 |
| $468,000 | 2,088 | 0.25 - 0.5 acre | 3 | 2.5 | 20 | 2 | 0 | 49 |
| $284,500 | 1,725 | 4,500 - 6,500 sqft | 3 | 2 | 16 | 4 | 5 | 52 |