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LAS CRUCES, NM 88005

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

Market Analysis

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

The LAS CRUCES, NM real estate market (88005) currently shows 119 active listings, with 31 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are selling faster, averaging 56 days on market compared to 61 days last year.

The median listing price has risen 2.4% year-over-year, from $348,750 to $357,000.

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Market Context

Market Context

Population: 27,279  ·  Density: 69.8/mi²  ·  Median household income: $45,256

Typical home value: $190,479  ·  Homeownership: 54.4%

Market Overview

Active Listings
119
⇧ 16.7% vs 102 last year
Pending
31
26% pending ratio
Median Price
$357,000
⇧ 2.4% vs $348,750 last year
Average Price
$426,890
⇩ 11.1% vs $480,228 last year
Days on Market
56
⇩ 8.2% vs 61 days last year

Price Per Square Foot

Median $/sqft
$179
⇧ 1.7% vs $176/sqft last year
Median Home Size
2,068 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 119 this year vs 102 last year
  • Days on market: 56 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $357,000 (+2.4% YoY)
  • Average: $426,890 (-11.1% 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 37.6 miles — 539 listings ($238,992,118 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88005Las Cruces, NM 880050.0 mi136$66,292,928$373,500$487,448
88046Mesilla, NM 8804611.6 mi10$8,446,110$725,000$844,611
88044La Mesa, NM 8804415.3 mi14$6,229,860$407,500$444,990
88032Dona Ana, NM 8803216.5 mi3$1,162,500$387,500$387,500
88048Mesquite, NM 8804820.2 mi6$1,929,600$274,950$321,600
88027Chamberino, NM 8802722.4 mi1$212,250$212,250$212,250
88024Berino, NM 8802424.5 mi2$697,000$348,500$348,500
88052Organ, NM 8805227.4 mi3$510,000$170,000$170,000
87937Hatch, NM 8793728.4 mi3$523,500$174,500$174,500
88054Radium Springs, NM 8805429.0 mi1$550,000$550,000$550,000
88008Santa Teresa, NM 8800831.8 mi224$81,094,944$352,475$362,031
79911El Paso, TX 7991133.4 mi110$62,907,570$535,200$571,887
88063Sunland Park, NM 8806337.6 mi26$8,435,856$303,463$324,456

Frequently Asked Questions

How many homes are for sale in LAS CRUCES, NM 88005?

As of September 2026, there are 119 active listings in LAS CRUCES, NM (zip code 88005), compared to 102 the prior year.

What is the median home price in LAS CRUCES, NM 88005?

The median listing price in LAS CRUCES, NM 88005 is $357,000 as of September 2026, a 2.4% increase from $348,750 the prior year.

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

Homes in LAS CRUCES, NM 88005 spend an average of 56 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in LAS CRUCES, NM 88005?

Based on current inventory and days-on-market data as of September 2026, LAS CRUCES, NM 88005 is currently a Balanced Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice. Homes are selling faster, averaging 56 days on market compared to 61 days last year.

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 88005 save an estimated $7,140 compared to a typical 5% commission on the median listing price of $357,000. 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.