Market Intelligence · NM / Las Cruces

Las Cruces, NM 88007 Housing Market

The typical home value in Las Cruces, NM 88007 is $323,785, down 0.6% over the past year as of September 2026. The median list price is $463,750, and homes spend a median of 87 days on market.

Updated September 2026Median value$324K

The median home value in Las Cruces, NM 88007 is $324K as of September 2026, down 0.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 88007 range

$298K to $350K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.6% over 12 months

Sep 2025$326K

Low $324KHigh $327K

Sep 2026$324K

The numbers

What is the 88007 housing market like?

As of September 2026

Typical home value

$324K

0.6%YoY

Median list price

$464K

4.4%MoM

Days on market

10.1%MoM

Homes for sale

109

2.7%MoM

Price cuts

25.2%

38.4%MoM

New listings

7.1%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

88007 housing market forecast 2027

+0.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 88007 to rise 0.9% by September 2027.

Over the 12 months through September 2026, typical home values in 88007 fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in 88007?

Zillow's forecast does not call for a drop: it expects typical home values in 88007 to rise 0.9% by September 2027, after a 0.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 88007 home prices compare?

88007$323,785
Las Cruces$291,821
New Mexico$276,177
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Las Cruces: 5 ZIPs; New Mexico: 153 ZIPs; United States: 26,262 ZIPs).

Context

Las Cruces, NM 88007 had 109 homes for sale in September 2026, with 26 new listings added that month. The median list price is $463,750, while the typical home value is $323,785, down 0.6% over the past year. Homes are taking a median of 87 days to sell, and 25.2% of listings have taken a price cut. For a seller, that means pricing realistically from the start matters, because buyers have room to wait and negotiate.

Monthly payment

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Home price

Down payment20% · $64,757

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Common questions

What people ask us.

How much is a home in 88007 worth?

The typical home value in 88007 is $323,785 as of September 2026, down 0.6% over the past year.

How long do homes take to sell in 88007?

Homes in 88007 spend a median of 87 days on market as of September 2026.

Are sellers cutting prices in 88007?

As of September 2026, 25.2% of listings in 88007 had a price cut, while 26 new listings came to market.

Discover

Nearby ZIP markets.

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