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Featured local agent — Los Luceros, NM
Sarah Mitchell
Compass Real Estate · Los Luceros, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Los Luceros, NM Housing Market
The last median sale price Redfin published was $515,000, +24.1% year over year (through May 2026). With 1.0 months of supply and homes going under contract in about 61 days, Los Luceros is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $515,000 home is about $2,749/mo in principal and interest.
Key numbers for Los Luceros, NM
Median sale price
$515,000
+24.1% year over year
Redfin, through June 2023
Days on market
61
Slow-moving
Redfin, through June 2023
Active listings
1
1.0 months of supply
Redfin, through June 2023
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
88.0%
Selling below asking
Redfin, through June 2023
Zillow figures 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 Los Luceros a buyer's or seller's market?
Los Luceros, NM is a balanced market, based on 1.0 months of supply and homes selling in about 61 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Los Luceros housing market data show?
Every row below is Redfin's final published month for Los Luceros, NM. Redfin, through June 2023
| Metric | Value |
|---|---|
| Median sale price | $515,000 |
| Median list price | $784,999 |
| Year-over-year price change | +24.1% |
| Median price per sq ft | $145/sq ft |
| Median days on market | 61 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 88.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 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 Los Luceros is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Los Luceros 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 Los Luceros home prices moved?
We hold fewer than three months of sale history for Los Luceros, NM, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Los Luceros?
Priced off the median sale price of $515,000 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% | $103,000 | $412,000 | $2,749/mo |
| 5% | $25,750 | $489,250 | $3,265/mo |
Redfin, through June 2023 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 $2,749, that implies roughly $117,829 a year before you add taxes and insurance. We do not hold a Census income figure for Los Luceros, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Los Luceros in the next 12 months?
Tell us your timeline. We send the Los Luceros 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 Los Luceros?
Zillow does not publish a rent index (ZORI) for Los Luceros, NM, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Los Luceros?
We hold fewer than two months of inventory readings for Los Luceros, NM, so there is no trend to report yet. The most recent count we have is 1 active listings (Redfin, through May 2026).
How does Los Luceros compare to New Mexico and the U.S.?
Los Luceros homes sell for $515,000 — 30% above the New Mexico median of $395,500. Against the national median of $410,700, Los Luceros runs 25% higher. Year-over-year, Los Luceros moved +24.1% against New Mexico's +10.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Los Luceros, NM | $515,000 | +24.1% | 61 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through June 2023 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Los Luceros
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $516 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 $515,000 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 Los Luceros listing goes under contract in 61 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 88.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Los Luceros added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Los Luceros varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Los Luceros
There are currently 1 homes listed for sale in Los Luceros, New Mexico. The median listing price is $785K.
Active listings
1
Homes on market
Median list price
$785K
Avg. days on market
61
Days until sale
New this week
1
Newly listed
How much do homes cost in Los Luceros by property type?
How the Los Luceros, NM market breaks down across single-family homes, condos and townhouses. Redfin, through June 2023
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $515,000 | $145/sq ft | 1 | 61 days |
Who lives in Los Luceros?
American Community Survey estimates for Los Luceros. U.S. Census ACS, 2023
Population
757
Households
288
Median age
51.3 years
Owner-occupied
88.9%
88.9% of occupied homes in Los Luceros 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.
Which cities are near Los Luceros, NM?
Ordered by distance from Los Luceros, not by size. Compare Los Luceros side by side with any of them.
Los Luceros housing market FAQ
Is Los Luceros a buyer's or seller's market?
Los Luceros, NM is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 61 days, and sellers getting 88.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Los Luceros?
The median sale price in the last month Redfin published was $515,000, about $145 per square foot.
Is Los Luceros cheaper than the rest of New Mexico?
Los Luceros's median sale price of $515,000 is 30% higher than the New Mexico statewide median of $395,500, and 25% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Los Luceros?
Homes in Los Luceros, NM spent a median of 61 days on market before going under contract, versus 53 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Los Luceros?
At the current 30-year fixed rate of 7.03%, 20% down on a $515,000 home is about $2,749 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $117,829 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Los Luceros?
Redfin's last published year-over-year change for Los Luceros, NM was +24.1%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Los Luceros?
Los Luceros 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 Los Luceros?
That depends on your timeline, not on a headline. What the data says today: Los Luceros, NM is a balanced market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $515,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.