Carl Krause

Las Cruces, NM 88012

Single-Family Homes

Realtor® | Real Broker | LasCrucesHomeTeam.com


Las Cruces, NM 88012

Sun Jun 01 2025
This week the median list price for Las Cruces, NM 88012 is $347,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 181. 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 88012

Sun Jun 01 2025
This week the median list price for Las Cruces, NM 88012 is $347,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 181. 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 $347,000
Median Price of New Listings $347,000
Per Square Foot $190
Average Days on Market 90
Median Days on Market 63
Price Decreased 30%
Price Increased 3%
Relisted 11%
Inventory 181
Median Rent
Market Action 32
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$479,995 2,405 6,500 - 8,000 sqft 4 2.5 2 3 1 49
$379,900 1,986 6,500 - 8,000 sqft 4 2 2 4 3 63
$325,000 1,755 4,500 - 6,500 sqft 3 2 3 3 9 70
$298,950 1,522 4,500 - 6,500 sqft 3 2 7 3 7 77