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LAS VEGAS, NM 87701

Real Estate Market Report  ·  San Miguel County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LAS VEGAS, NM real estate market (87701) currently shows 44 active listings, with 15 pending sales. Homes are averaging 133 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 133 days on market compared to 101 days last year.

The median listing price has fallen 19.9% year-over-year, from $365,000 to $292,500.

Whether you are buying or selling in LAS VEGAS, 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: 17,991  ·  Density: 4.3/mi²  ·  Median household income: $45,341

Typical home value: $142,543  ·  Homeownership: 64.4%

Market Overview

Active Listings
44
⇧ 100% vs 22 last year
Pending
15
34% pending ratio
Median Price
$292,500
⇩ 19.9% vs $365,000 last year
Average Price
$362,074
⇩ 12.4% vs $413,153 last year
Days on Market
133
⇧ 31.7% vs 101 days last year

Price Per Square Foot

Median $/sqft
$164
⇩ 0.6% vs $165/sqft last year
Median Home Size
1,617 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 44 this year vs 22 last year
  • Days on market: 133 now vs 101 last year

Median & Average Pricing

Year over Year
  • Median: $292,500 (-19.9% YoY)
  • Average: $362,074 (-12.4% 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 54.0 miles — 205 listings ($230,490,496 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87701Las Vegas, NM 877010.0 mi43$14,462,319$312,500$336,333
87712Buena Vista, NM 8771227.4 mi1$1,475,000$1,475,000$1,475,000
88421Garita, NM 8842128.9 mi1$385,000$385,000$385,000
87538Ilfeld, NM 8753833.5 mi2$1,254,000$627,000$627,000
87742Rociada, NM 8774236.6 mi9$4,124,250$407,000$458,250
87560Ribera, NM 8756037.9 mi3$1,719,000$550,000$573,000
87732Mora, NM 8773240.9 mi1$780,000$780,000$780,000
88416Conchas Dam, NM 8841641.5 mi7$1,979,719$259,000$282,817
88435Santa Rosa, NM 8843544.0 mi8$2,949,904$212,500$368,738
87734Ocate, NM 8773445.2 mi2$1,274,900$637,450$637,450
87573Tererro, NM 8757345.9 mi1$5,680,000$5,680,000$5,680,000
87501Santa Fe, NM 8750153.2 mi124$189,793,904$937,000$1,530,596
87579Vadito, NM 8757954.0 mi3$4,612,500$875,000$1,537,500

Frequently Asked Questions

How many homes are for sale in LAS VEGAS, NM 87701?

As of March 2026, there are 44 active listings in LAS VEGAS, NM (zip code 87701), compared to 22 the prior year.

What is the median home price in LAS VEGAS, NM 87701?

The median listing price in LAS VEGAS, NM 87701 is $292,500 as of March 2026, a 19.9% decrease from $365,000 the prior year.

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

Homes in LAS VEGAS, NM 87701 spend an average of 133 days on the market before going under contract, compared to 101 days the prior year.

Is it a seller's or buyer's market in LAS VEGAS, NM 87701?

Based on current inventory and days-on-market data as of March 2026, LAS VEGAS, NM 87701 is currently a Buyer's Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 133 days on market compared to 101 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAS VEGAS, NM 87701 save an estimated $5,850 compared to a typical 5% commission on the median listing price of $292,500. 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.