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Market Intelligence · NM / Doña Ana County

Las Cruces, NM housing market

5 ZIP markets liveData updated August 2026Typical value$294K1-yr changeDown1.2%

The median home value in Las Cruces, NM is $294K as of August 2026, down 1.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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The coverage

Las Cruces, by the numbers.

Typical home valueZillow ZHVI, August 2026
$294K
1-yr changeMedian across Las Cruces ZIPs
-1.2%
ZIP markets live8 tracked in Las Cruces
5
County
Doña Ana County

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12-month value trend

-1.2% over 12 months

Typical home value in Las Cruces over the last 12 months: $297K in Aug 2025 to $294K in Aug 2026 (-1.2%).

Aug 2025$297K

Aug 2026$294K

Median Zillow home value index across Las Cruces's ZIP codes.

Context

Zillow's home value index puts the typical Las Cruces home at $293,549 as of August 2026, a 12-month move of -1.2%. Realtor.com's August 2026 listing data shows 641 homes on the market, 176 newly listed, and a median asking price of $355,450. The median listing spends 72 days on market, and 17.5% of active listings have reduced their asking price. These figures describe a softening market in which realistic pricing is what moves a home.

The numbers

What is the housing market like in Las Cruces, NM?

Typical home value

$294K

Down1.2%YoY

Median list price

$355K

Days on market

72

Homes for sale

641

Price cuts

17.5%

New listings

176

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026)

Figures reflect Las Cruces's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

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The markets

Which Las Cruces ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of August 2026. 1-yr change compares it to the same ZIP a year earlier. We track 8 Las Cruces ZIP codes in total; the remaining 3 publish as their data clears editorial QA.

Zillow ZHVI, August 2026

Local pros

Who are the top real estate agents in Las Cruces?

Top real estate agents in Las Cruces, NM

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Nearby markets

More New Mexico housing markets.

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