| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $379,963 | +1.5% YoY |
| Median price per sq ft | $185 | 2,065 sq ft median |
| Median days on market | 75 | +11% YoY |
| Active listings | 998 | +24% YoY |
| New listings this month | 262 | June 2026 |
| Listings with a price cut | 13% | Share of active |
| Median sale price (closed) | $329,900 | -0.0% YoY |
| Sale-to-list ratio | 98.9% | Closed sales |
| Gross rental yield | 3.3% | 2BR fair market rent |
Metropolitan market · New Mexico · June 2026 data
Las Cruces Real Estate Market
As of June 2026, the median home listed in Las Cruces, NM asks $379,963 — up 1.5% year over year. Homes sell in a median of 75 days, with 998 active listings and 13% carrying a price cut — a buyer-leaning market. Figures come from public records and industry data, updated monthly.
Median listing price
$379,963
▲ 1.5% YoY
Median $ / sq ft
$185
2,065 sq ft median
Median days on market
75
June 2026
Active listings
998
For sale now
New listings
262
June 2026
Listings with price cuts
13%
Share of active
Median sale price (closed)
$329,900
▼ 0.0% YoY · closed sales
Sale-to-list ratio
98.9%
Closed sales
Homes sold / month
194
Closed sales
Las Cruces housing market statistics
The table summarizes Las Cruces's key housing figures for June 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data.
How have home prices changed in Las Cruces?
Las Cruces home prices are up 1.5% year over year and +1.3% month over month as of June 2026, at a $379,963 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Las Cruces NM · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Las Cruces NM · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Las Cruces?
Las Cruces has 998 active listings, 262 new this month, 485 pending as of June 2026. About 13% of active listings have cut their price, and inventory sits at 146% of its 2019 level — a buyer-leaning market by pace.
Is Las Cruces a good real estate investment?
Las Cruces scores 39/100 on WealthyBud's composite Investor Score, ranking #685 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
39/100
#685 of 932 covered metros
Price volatility
Medium
σ 6.3% · 20-yr price-index swings
Las Cruces scores 39/100 on our composite Investor Score (#685 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 48% over five years and +83% over ten, leaving prices 46% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,042/mo for a two-bedroom, the gross rental yield on the median listing is about 3.3%; active inventory sits at 146% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are up 1.5% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Las Cruces ranks on the trending markets index.
How much is a monthly mortgage payment in Las Cruces?
A home at Las Cruces's $379,963 median listing runs about $1,907 a month in principal and interest — 20% down on a 30-year fixed loan at the current 6.43% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 5.43%
$1,713/mo
−$195/mo vs today
At today's rate · 6.43%
$1,907/mo
National weekly average
If rates rise 1% · 7.43%
$2,111/mo
+$204/mo vs today
Principal & interest on the $379,963 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.
What is driving the Las Cruces housing market?
Longer-run demand in Las Cruces shows up in 815 homes permitted in 2025; net migration of +50 residents; +1.8% job growth. Natural-hazard risk rates Relatively High. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
815
▼ 15.5% vs 2024
3.7 per 1,000 residents
Net migration (2022–2023)
+50
▲ people, via tax-return records
net income flow +$14.6M/yr
Job growth (YoY)
+1.8%
▲ 85.2k nonfarm jobs · May 2026
Natural-hazard risk
Relatively High
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
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ReadLas Cruces housing market FAQ
What is the median home price in Las Cruces?
As of June 2026, the median listing price in Las Cruces, NM is $379,963, up 1.5% year over year (source: public records and industry data). Figures cover the Las Cruces, NM metro area.
How much does it cost to buy a home in Las Cruces?
The median home listed in Las Cruces asks $379,963 as of June 2026. With 20% down on a 30-year fixed loan at the current 6.43% national average rate, that runs about $1,907 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Las Cruces?
The median property in Las Cruces spends 75 days on the market, with 998 homes actively listed and 13% of them carrying a price cut — a buyer-leaning market by pace as of June 2026.
Is it a buyer's or seller's market in Las Cruces?
With a median 75 days on market and 13% of active listings carrying a price cut, Las Cruces reads as a buyer-leaning market as of June 2026. Faster sales and fewer price cuts favor sellers; slower sales and more cuts favor buyers. Conditions shift monthly.
Is Las Cruces a good place to invest in real estate?
Las Cruces scores 39/100 on WealthyBud's Investor Score, ranking #685 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Las Cruces?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Las Cruces and the wider New Mexico market, ranked by recent sales from public profile data.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Las Cruces, NM metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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