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LAS CRUCES, NM 88012

Real Estate Market Report  ·  Doña Ana County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The LAS CRUCES, NM real estate market (88012) currently shows 421 active listings, with 200 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 182 more homes available — giving buyers more choice.

The median listing price has risen 1.7% year-over-year, from $339,515 to $345,450.

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
421
⇧ 76.2% vs 239 last year
Pending
200
48% pending ratio
Median Price
$345,450
⇧ 1.7% vs $339,515 last year
Average Price
$361,654
⇩ 2% vs $368,945 last year
Days on Market
58
vs 58 days last year

Price Per Square Foot

Median $/sqft
$189
⇩ 0.5% vs $190/sqft last year
Median Home Size
1,866 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 421 this year vs 239 last year
  • Days on market: 58 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $345,450 (+1.7% YoY)
  • Average: $361,654 (-2% 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 43.5 miles — 909 listings ($313,438,836 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88012Las Cruces, NM 880120.0 mi364$130,602,108$338,606$358,797
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 mi104$25,567,984$229,025$245,846
87937Hatch, NM 8793724.8 mi3$523,500$174,500$174,500
88005Las Cruces, NM 8800528.1 mi136$66,292,928$373,500$487,448
88048Mesquite, NM 8804831.1 mi6$1,929,600$274,950$321,600
88058San Miguel, NM 8805833.6 mi1$220,000$220,000$220,000
88024Berino, NM 8802437.3 mi2$697,000$348,500$348,500
88027Chamberino, NM 8802738.6 mi1$212,250$212,250$212,250
88310Alamogordo, NM 8831041.6 mi213$64,370,730$262,200$302,210
87901Truth Or Consequences, NM 8790143.0 mi49$12,562,718$209,450$256,382
79821Anthony, TX 7982143.5 mi26$8,747,518$287,950$336,443

Frequently Asked Questions

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

As of April 2026, there are 421 active listings in LAS CRUCES, NM (zip code 88012), compared to 239 the prior year.

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

The median listing price in LAS CRUCES, NM 88012 is $345,450 as of April 2026, a 1.7% increase from $339,515 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 58 days on the market before going under contract, compared to 58 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 April 2026, LAS CRUCES, NM 88012 is currently a Balanced Market. Inventory has increased compared to last year, with 182 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 $6,909 compared to a typical 5% commission on the median listing price of $345,450. 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.