| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $366,475 | -2.3% YoY |
| Median price per sq ft | $186 | 2,034 sq ft median |
| Median days on market | 93 | +32% YoY |
| Active listings | 1,005 | +22% YoY |
| New listings this month | 264 | September 2026 |
| Listings with a price cut | 29% | Share of active |
| Median sale price (closed) | $322,450 | -3.8% YoY · closed sales, July 2026 |
| Sale-to-list ratio | n/a | Non-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio |
| Pending-to-active ratio | 28.9% | 290 pending |
| Inventory vs 2019 | 150% | Active listings vs same month in 2019 |
| Gross rental yield | 3.4% | 2BR fair market rent |
Metropolitan market · New Mexico · September 2026 data
What is the Las Cruces, NM real estate market doing?
As of September 2026, the median home listed in Las Cruces, NM asks $366,475, down 2.3% year over year. Homes spend a median of 93 days on market, with 1,005 active listings and 29% carrying a price cut; pending contracts equal 29% of active listings, and inventory sits at 150% of the same month in 2019 — a buyer's market. Estimated gross rental yield on the median listing is 3.4%. Figures come from public records and industry data, updated monthly.
Median listing price
$366,475
▼ 2.3% YoY
Median $ / sq ft
$186
2,034 sq ft median
Median days on market
93
September 2026
Active listings
1,005
For sale now
New listings
264
September 2026
Listings with price cuts
29%
Share of active
Inventory vs 2019
150%
Same month, 2019 = 100
Pending / active
29%
Contract activity
Median sale price (closed)
$322,450
▼ 3.8% YoY · closed sales · July 2026
Sale-to-list ratio
n/a
Non-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio
Homes sold / month
242
Closed sales · July 2026, seasonally adjusted
What is the Las Cruces, NM housing market doing right now?
The Las Cruces, NM housing market lists at a $366,475 median as of September 2026, down 2.3% year over year, with a 93-day median market time and 1,005 homes for sale (29% with a price cut). Active inventory is 150% of the 2019 level, reading as a buyer's market under WealthyBud's published buyer/seller rule. Gross rental yield is about 3.4%.
Las Cruces housing market statistics
The table summarizes Las Cruces's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Las Cruces.
How have home prices changed in Las Cruces?
Las Cruces home prices are down 2.3% year over year and -2.3% month over month as of September 2026, at a $366,475 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 1,005 active listings, 264 new this month, 290 pending as of September 2026. About 29% of active listings have cut their price, and inventory sits at 150% of its 2019 level — a buyer's market by pace.
Is Las Cruces a good real estate investment?
Las Cruces scores 28/100 on WealthyBud's composite Investor Score, ranking #843 of 933 covered U.S. metros as of September 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
28/100
#843 of 933 covered metros
Price volatility
Medium
σ 6.3% · 20-yr price-index swings
Las Cruces scores 28/100 on our composite Investor Score (#843 of 933 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 3.4%; active inventory sits at 150% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 2.3% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
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 $366,475 median listing runs about $2,006 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$1,811/mo
−$195/mo vs today
At today's rate · 7.28%
$2,006/mo
National weekly average
If rates rise 1% · 8.28%
$2,209/mo
+$203/mo vs today
Principal & interest on the $366,475 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Las Cruces?
To buy Las Cruces’s $366,475 median listing with 20% down, a household needs about $95,000 a year in gross income, keeping principal, interest and property tax ($2,214/mo) at 28% of income. That is 1.7× the area’s $55,663 median household income, so a typical Las Cruces household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $366,475 | September 2026 |
| Down payment (20%) | $73,295 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $2,006/mo | Rate as of 2026-10-01 |
| Property tax (0.68% effective rate) | $208/mo | Census ACS |
| Income needed (28% rule) | $95,000 | Gross household income / yr |
| Median household income | $55,663 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
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; +1.6% 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)
+1.6%
▲ 83.9k nonfarm jobs · August 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 September 2026, the median listing price in Las Cruces, NM is $366,475, down 2.3% 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 $366,475 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $2,006 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 93 days on the market, with 1,005 homes actively listed and 29% of them carrying a price cut — a buyer's market as of September 2026.
Is it a buyer's or seller's market in Las Cruces?
With a median 93 days on market and 29% of active listings carrying a price cut, pending contracts at 29% of active listings, Las Cruces reads as a buyer's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Las Cruces a good place to invest in real estate?
Las Cruces scores 28/100 on WealthyBud's Investor Score, ranking #843 of 933 covered U.S. metros as of September 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, September 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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