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LAS CRUCES, NM 88012

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The LAS CRUCES, NM real estate market (88012) currently shows 364 active listings, with 158 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 136 more homes available — giving buyers more choice.

The median listing price has fallen 0.7% year-over-year, from $340,950 to $338,606.

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: 31,800  ·  Density: 35.2/mi²  ·  Median household income: $63,545

Typical home value: $183,060  ·  Homeownership: 74.4%

Market Overview

Active Listings
364
⇧ 59.6% vs 228 last year
Pending
158
43% pending ratio
Median Price
$338,606
⇩ 0.7% vs $340,950 last year
Average Price
$358,797
⇩ 4.1% vs $374,259 last year
Days on Market
67
vs 67 days last year

Price Per Square Foot

Median $/sqft
$188
⇩ 2.6% vs $193/sqft last year
Median Home Size
1,872 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 364 this year vs 228 last year
  • Days on market: 67 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $338,606 (-0.7% YoY)
  • Average: $358,797 (-4.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 46.3 miles — 687 listings ($258,191,727 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88012Las Cruces, NM 880120.0 mi371$133,408,632$339,900$359,592
88032Dona Ana, NM 8803213.9 mi3$1,162,500$387,500$387,500
88054Radium Springs, NM 8805418.0 mi1$550,000$550,000$550,000
88001Las Cruces, NM 8800120.7 mi100$24,471,000$225,000$244,710
87937Hatch, NM 8793724.8 mi2$200,000$100,000$100,000
88005Las Cruces, NM 8800528.1 mi124$60,905,328$389,999$491,172
88048Mesquite, NM 8804831.1 mi5$1,398,165$239,500$279,633
88081Chaparral, NM 8808136.7 mi23$7,342,543$290,475$319,241
87930Arrey, NM 8793037.5 mi1$365,000$365,000$365,000
87931Caballo, NM 8793140.5 mi7$2,111,550$262,450$301,650
88021Anthony, NM 8802142.6 mi23$15,263,513$592,500$663,631
88044La Mesa, NM 8804443.3 mi14$5,807,438$348,950$414,817
79835Canutillo, TX 7983546.3 mi13$5,206,058$308,444$400,466

Frequently Asked Questions

How many homes are for sale in LAS CRUCES, NM 88012?

As of February 2026, there are 364 active listings in LAS CRUCES, NM (zip code 88012), compared to 228 the prior year.

What is the median home price in LAS CRUCES, NM 88012?

The median listing price in LAS CRUCES, NM 88012 is $338,606 as of February 2026, a 0.7% decrease from $340,950 the prior year.

How long do homes stay on the market in LAS CRUCES, NM?

Homes in LAS CRUCES, NM 88012 spend an average of 67 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in LAS CRUCES, NM 88012?

Based on current inventory and days-on-market data as of February 2026, LAS CRUCES, NM 88012 is currently a Balanced Market. Inventory has increased compared to last year, with 136 more homes available — giving buyers more choice.

How much can I save on real estate commission in LAS CRUCES, NM?

With SELL123.com's maximum 3% commission, sellers in LAS CRUCES, NM 88012 save an estimated $6,772 compared to a typical 5% commission on the median listing price of $338,606. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.