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LAS CRUCES, NM 88011

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

Market Analysis

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

The LAS CRUCES, NM real estate market (88011) currently shows 312 active listings, with 112 pending sales. Homes are averaging 83 days on the market before going under contract.

Inventory has increased compared to last year, with 125 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 83 days on market compared to 71 days last year.

The median listing price has fallen 6.9% year-over-year, from $450,000 to $418,750.

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: 30,831  ·  Density: 47.3/mi²  ·  Median household income: $73,362

Typical home value: $296,622  ·  Homeownership: 60.3%

Market Overview

Active Listings
312
⇧ 66.8% vs 187 last year
Pending
112
36% pending ratio
Median Price
$418,750
⇩ 6.9% vs $450,000 last year
Average Price
$492,191
⇩ 4.9% vs $517,615 last year
Days on Market
83
⇧ 16.9% vs 71 days last year

Price Per Square Foot

Median $/sqft
$196
⇩ 3% vs $202/sqft last year
Median Home Size
2,223 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 312 this year vs 187 last year
  • Days on market: 83 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $418,750 (-6.9% YoY)
  • Average: $492,191 (-4.9% 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 37.9 miles — 1,603 listings ($736,913,281 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88011Las Cruces, NM 880110.0 mi297$147,638,403$411,500$497,099
88032Dona Ana, NM 8803211.5 mi3$1,162,500$387,500$387,500
88047Mesilla Park, NM 8804714.6 mi3$1,147,350$382,450$382,450
88012Las Cruces, NM 8801217.2 mi364$130,602,108$338,606$358,797
88072Vado, NM 8807217.6 mi1$139,000$139,000$139,000
88058San Miguel, NM 8805820.6 mi1$220,000$220,000$220,000
88007Las Cruces, NM 8800724.2 mi156$92,372,124$528,720$592,129
88005Las Cruces, NM 8800526.4 mi136$66,292,928$373,500$487,448
79835Canutillo, TX 7983531.8 mi16$6,100,304$307,850$381,269
79934El Paso, TX 7993431.9 mi229$65,290,419$284,950$285,111
88054Radium Springs, NM 8805433.1 mi1$550,000$550,000$550,000
79932El Paso, TX 7993235.8 mi195$127,391,550$582,450$653,290
79912El Paso, TX 7991237.9 mi201$98,006,595$405,935$487,595

Frequently Asked Questions

How many homes are for sale in LAS CRUCES, NM 88011?

As of March 2026, there are 312 active listings in LAS CRUCES, NM (zip code 88011), compared to 187 the prior year.

What is the median home price in LAS CRUCES, NM 88011?

The median listing price in LAS CRUCES, NM 88011 is $418,750 as of March 2026, a 6.9% decrease from $450,000 the prior year.

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

Homes in LAS CRUCES, NM 88011 spend an average of 83 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in LAS CRUCES, NM 88011?

Based on current inventory and days-on-market data as of March 2026, LAS CRUCES, NM 88011 is currently a Buyer's Market. Inventory has increased compared to last year, with 125 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 83 days on market compared to 71 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 88011 save an estimated $8,375 compared to a typical 5% commission on the median listing price of $418,750. 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.