New Build
36
$35,900
2067 Meteor Dr
Las Cruces, NM 88012
3 bd2 ba1,635 sqft$22/ft²
House
View photos & details
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Sarah Mitchell
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Compass Real Estate · Las Cruces, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Las Cruces, NM(512) 555-0184TX License #0512847
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Las Cruces, NM Housing Market & Real Estate
Balanced market-1.0% YoY
Housing market overview · Updated monthly ·
$306,000median sale price
How is the Las Cruces, NM housing market right now?
The median home sale price in Las Cruces, NM is $306,000, down 1.0% year-over-year. Homes sell in an average of 45 days with 420 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Las Cruces a buyer's or seller's market?
Balanced market3.1 months of supply45 avg. days on market
Las Cruces, NM is currently a balanced market, based on 3.1 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
136
Last 12 weeks
Days on market
45
Average pace
Active listings
420
3.1 months supply
Sale-to-list
97.7%
Below asking
What does the Las Cruces housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $306,000 |
| Median list price | $306,500 |
| Year-over-year price change | -1.0% |
| Average days on market | 45 days |
| Active inventory | 420 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 97.7% |
| Median price per sq ft | $181/sq ft |
| Homes sold (latest month) | 136 |
| New listings (latest month) | 158 |
| Listings with a price cut | 28.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Las Cruces by property type?
How the Las Cruces, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $315,630 | $181/sq ft | 119 | 44 days |
| Condo / Co-op | $194,400 | $178/sq ft | 8 | 86 days |
| Townhouse | $235,000 | $175/sq ft | 6 | 73 days |
Source: Redfin · Updated monthly
The Las Cruces housing market is currently classified as a balanced market with a median sale price of $306,000. Prices have fallen 1.0% compared to last year, with homes spending an average of 45 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Las Cruces
There are currently 420 homes listed for sale in Las Cruces, New Mexico. The median listing price is $307K. Featured listings range from $35,900 to $460,000.
New Listing
13
$137,500
5215 Mescalero Trl
Las Cruces, NM 88012
2 bd2 ba896 sqft$153/ft²
Mobile home10,890 sqft lot
Real Broker LLC
View photos & details
New Listing
46
$250,000
2001 Pinetrail St
Las Cruces, NM 88012
3 bd3 ba1,119 sqft$223/ft²
Townhouse5,227 sqft lot
Integrity Real Estate of New Mexico
View photos & details
New Listing
39
$259,750
1255 W Ethel Ave Apt A
Las Cruces, NM 88005
2 bd2 ba
Multi-family6,098 sqft lot
Coldwell Banker Legacy Elite
View photos & details
New Build
14
$289,000
5119 Venado
Las Cruces, NM 88012
3 bd2 ba1,210 sqft$239/ft²
House
View photos & details
New Build
21
$293,500
2061 Meteor Dr
Las Cruces, NM 88012
3 bd2 ba1,210 sqft$243/ft²
House
View photos & details
New Listing
37
$295,000
4326 Nambe Ct
Las Cruces, NM 88011
2 bd3 ba1,535 sqft$192/ft²
Townhouse1,307 sqft lot
BHGRE Steinborn & Associates
View photos & details
New Build
23
$339,000
5112 Venado
Las Cruces, NM 88012
3 bd2 ba1,635 sqft$207/ft²
House
View photos & details
New Build
23
$345,000
5135 Venado
Las Cruces, NM 88012
3 bd2 ba1,635 sqft$211/ft²
House
View photos & details
New Listing
47
$345,900
3452 Valverde Loop
Las Cruces, NM 88012
3 bd2 ba1,679 sqft$206/ft²
House6,098 sqft lot
Real Broker LLC
View photos & details
New Build
17
$379,100
5111 Venado
Las Cruces, NM 88012
4 bd3 ba1,860 sqft$204/ft²
House
View photos & details
New Listing
33
$460,000
8109 Willow Bloom Cir
Las Cruces, NM 88007
3 bd2 ba1,830 sqft$251/ft²
House10,019 sqft lot
The Palms Realty
View photos & details
Looking to buy in Las Cruces?
Get connected with a local real estate expert — free, no obligation.
Active listings
420
Homes on market
Median list price
$307K
Avg. days on market
45
Days until sale
New this week
158
Newly listed
Price drops:28.1%of listings
Sale-to-list:97.7%
Who lives in Las Cruces?
Population
112,612
Median income
$55,176/yr
Median age
32.7 years
Owner-occupied
55.6%
College grads
37.3%
Avg commute
18.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Las Cruces?
Zillow home value
$291,884
Zillow rent index
$1,424/mo
Price-to-rent ratio
17.1x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Las Cruces?
Las Cruces is a community of approximately 113K residents with a median age of 32.7 years.The median household income is $55,176, which represents a working-class community with solid middle-income opportunities. 37.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 55.6%, showing a blend of owner and renter-occupied properties. The average commute time is 18.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Las Cruces offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Las Cruces?
46 schools tracked · 24,285 students
The largest public schools serving Las Cruces, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
ORGAN MOUNTAIN HIGH SCHOOL
Grades 9-12 · 2,063 students
LAS CRUCES HIGH
Grades 9-12 · 1,806 students
CENTENNIAL HIGH SCHOOL
Grades 9-12 · 1,664 students
MAYFIELD HIGH
Grades 9-12 · 1,401 students
CAMINO REAL MIDDLE
Grades 6-8 · 928 students
SIERRA MIDDLE
Grades 6-8 · 752 students
SONOMA ELEMENTARY
Grades PK-5 · 735 students
HIGHLAND ELEMENTARY
Grades PK-5 · 724 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Las Cruces, NM?
Want a head-to-head view? Compare Las Cruces side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Las Cruces?
Is Las Cruces a good real estate investment market?
For investors evaluating Las Cruces, the price-to-rent ratio of 17.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Las Cruces's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Las Cruces's median home price.
Frequently asked questions
What is the average home price in Las Cruces?
The median home sale price in Las Cruces is $306,000, down 1.0% from last year.
How long do homes stay on market in Las Cruces?
Homes typically spend 45 days on market before going under contract.
What is the median income in Las Cruces?
The median household income is $55,176 per year.
Is Las Cruces a buyer's or seller's market?
With 3.1 months of supply, Las Cruces is currently a balanced market.
How many homes are for sale in Las Cruces?
There are currently 420 homes listed for sale in Las Cruces, NM.
What is the Zillow home value estimate for Las Cruces?
The Zillow Home Value Index (ZHVI) for Las Cruces is $291,884, representing the typical home value in the area.
What is the median condo price in Las Cruces?
The median condo/co-op sale price in Las Cruces, NM is $194,400, compared to $315,630 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Las Cruces?
The median single-family home price in Las Cruces, NM is $315,630 (about $181 per square foot).
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