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LAS CRUCES, NM 88012

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

Market Overview

Active Listings
371
⇧ 82.8% vs 203 last year
Pending
166
45% pending ratio
Median Price
$339,900
⇩ 2.2% vs $347,500 last year
Average Price
$359,592
⇩ 4.9% vs $378,099 last year
Days on Market
83
⇩ 2.4% vs 85 days last year

Market Context

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

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

Market Analysis

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

The LAS CRUCES, NM real estate market (88012) currently shows 371 active listings, with 166 pending sales. Homes are averaging 83 days on the market before going under contract.

Inventory has increased compared to last year, with 168 more homes available — giving buyers more choice.

Homes are selling faster, averaging 83 days on market compared to 85 days last year.

The median listing price has fallen 2.2% year-over-year, from $347,500 to $339,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 371 this year vs 203 last year
  • Days on market: 83 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $339,900 (-2.2% YoY)
  • Average: $359,592 (-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

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 January 2026, there are 371 active listings in LAS CRUCES, NM (zip code 88012), compared to 203 the prior year.

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

The median listing price in LAS CRUCES, NM 88012 is $339,900 as of January 2026, a 2.2% decrease from $347,500 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 83 days on the market before going under contract, compared to 85 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 January 2026, LAS CRUCES, NM 88012 is currently a Balanced Market. Inventory has increased compared to last year, with 168 more homes available — giving buyers more choice. Homes are selling faster, averaging 83 days on market compared to 85 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 88012 save an estimated $6,798 compared to a typical 5% commission on the median listing price of $339,900. 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.