New Build
36
$35,900
2067 Meteor Dr
Las Cruces, NM 88012
3 bd2 ba1,635 sqft$22/ft²
House
View photos & details
Brokers — List your Company Here
Featured local agent — Las Cruces, NM
Example placement
Sarah Mitchell
CNESRESABR
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
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Las Cruces, NM Housing Market
Balanced market-0.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Las Cruces, NM is worth $290,170, held roughly flat 0.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $306,000, -1.0% year over year (through May 2026). With 3.1 months of supply and homes going under contract in about 45 days, Las Cruces is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $290,170 home is about $1,549/mo in principal and interest.
Key numbers for Las Cruces, NM
Typical home value
$290,170
-0.2% in 12 months
Zillow, August 2026
Typical asking rent
$1,446/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$306,000
-1.0% year over year
Redfin, through May 2026
Days on market
45
Average pace
Redfin, through May 2026
Active listings
420
3.1 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$55,176
Home costs 5.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.7%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Las Cruces a buyer's or seller's market?
Balanced market3.1 months of supply45 days on market97.7% of asking
Las Cruces, NM is a balanced market, based on 3.1 months of supply and homes selling in about 45 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Las Cruces housing market data show?
Every row below is Redfin's final published month for Las Cruces, NM. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $306,000 |
| Median list price | $306,500 |
| Year-over-year price change | -1.0% |
| Median price per sq ft | $181/sq ft |
| Median days on market | 45 days |
| Active inventory | 420 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 97.7% |
| Homes sold (that month) | 136 |
| New listings (that month) | 158 |
| Listings with a price cut | 28.1% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Las Cruces is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Las Cruces is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Las Cruces home prices moved?
Over the last three years the median sale price in Las Cruces, NM rose 9.7%, from $279,000 to $306,000. The live Zillow value series has held roughly flat 0.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 28.1% of Las Cruces listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.1 months while the sale-to-list ratio slips below its current 97.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Las Cruces market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Las Cruces?
Priced off the typical home value of $290,170 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $58,034 | $232,136 | $1,549/mo |
| 5% | $14,508 | $275,661 | $1,840/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,549, that implies roughly $66,389 a year before you add taxes and insurance. The median household in Las Cruces earns $55,176, about $11,213 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Las Cruces in the next 12 months?
Tell us your timeline. We send the Las Cruces market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Las Cruces?
Typical asking rent in Las Cruces, NM is $1,446/mo, against a typical home value of $290,170. That is a price-to-rent ratio of 16.7x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,549 a month — $103 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Las Cruces?
Active listings in Las Cruces, NM went from 451 in May 2025 to 420 in May 2026, a -6.9% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 430 | 129 |
| July 2025 | 483 | 189 |
| August 2025 | 482 | 166 |
| September 2025 | 463 | 138 |
| October 2025 | 489 | 182 |
| November 2025 | 448 | 104 |
| December 2025 | 427 | 94 |
| January 2026 | 421 | 132 |
| February 2026 | 456 | 150 |
| March 2026 | 467 | 167 |
| April 2026 | 465 | 165 |
| May 2026 | 420 | 158 |
Redfin, through May 2026
How does Las Cruces compare to New Mexico and the U.S.?
Las Cruces homes sell for $306,000 — 23% below the New Mexico median of $395,500. Against the national median of $410,700, Las Cruces runs 25% lower. Year-over-year, Las Cruces moved -1.0% against New Mexico's +10.8% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Las Cruces, NM | $306,000 | -1.0% | 45 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Las Cruces
What buyers should watch
- Months of supply, currently 3.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 28.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $290 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $290,170 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Las Cruces listing goes under contract in 45 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Las Cruces added 158 new listings against 136 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Las Cruces varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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%
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. Redfin, through May 2026
| 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 |
Who lives in Las Cruces?
American Community Survey estimates for Las Cruces. U.S. Census ACS, 2023
Population
112,612
Households
46,661
Median income
$55,176/yr
Median age
32.7 years
Owner-occupied
55.6%
Median home value
$217,400
Median gross rent
$946/mo
Mean commute
18.7 min
55.6% of occupied homes in Las Cruces are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $217,400 against Zillow's $290,170 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $946/mo, below Zillow's $1,446/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Las Cruces, not by size. Compare Las Cruces side by side with any of them.
Which ZIP codes are in Las Cruces?
These are the ZIP codes we see on active Las Cruces listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Las Cruces housing market FAQ
Is Las Cruces a buyer's or seller's market?
Las Cruces, NM is currently a balanced market. That read comes from 3.1 months of supply, homes going under contract in about 45 days, and sellers getting 97.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Las Cruces?
The typical home in Las Cruces, NM is worth $290,170 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $306,000, about $181 per square foot.
Is Las Cruces cheaper than the rest of New Mexico?
Las Cruces's median sale price of $306,000 is 23% lower than the New Mexico statewide median of $395,500, and 25% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Las Cruces?
Homes in Las Cruces, NM spent a median of 45 days on market before going under contract, versus 53 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Las Cruces?
At the current 30-year fixed rate of 7.03%, 20% down on a $290,170 home is about $1,549 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $66,389 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $55,176.
Are home prices rising in Las Cruces?
The typical home value in Las Cruces, NM held roughly flat 0.2% over the last 12 months, from $290,883 to $290,170 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Las Cruces?
Las Cruces ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Las Cruces?
That depends on your timeline, not on a headline. What the data says today: Las Cruces, NM is a balanced market with 3.1 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 16.7x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Las Cruces, NM
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Las Cruces
Nearby markets
Get the Las Cruces market brief
Get the Las Cruces, NM market brief
One email: what homes are actually clearing at around $290,170, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.