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City / Town Overview

Las Cruces, NM

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The Las Cruces, NM real estate market currently shows 1,057 active listings, with 432 pending sales. Homes are averaging 87.4 days on the market before going under contract.

Inventory has increased compared to last year, with 374 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 87.4 days on market compared to 78.1 days last year.

The median listing price has fallen 0% year-over-year, from $380,906 to $380,854.

Whether you are buying or selling in Las Cruces, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 155,746  ·  Density: 393.4/mi²  ·  Median household income: $53,593

Typical home value: $198,550  ·  Homeownership: 60.2%

Included Areas

Las Cruces: 88001, 88003, 88004, 88005, 88006, 88007, 88011, 88012, 88013

Area Map

Market Overview

Active Listings
1,057
⇧ 54.8% vs 683 last year
Pending
432
41% pending ratio
Median Price
$380,854
vs $380,906 last year
Average Price
$437,534
⇧ 0.1% vs $437,056 last year
Days on Market
87.4
⇧ 11.9% vs 78 days last year

Price Per Square Foot

Median $/sqft
$189
⇩ 1% vs $191/sqft last year
Median Home Size
2,054 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %