Market Intelligence · NM / Las Cruces

Las Cruces, NM 88011 Housing Market

The typical home in Las Cruces, 88011 is worth $357,949, down 0.2% over the past year. The median list price sits at $437,200, with homes staying on the market a median of 73 days.

Updated June 2026Median value$358K

The median home value in Las Cruces, NM 88011 is $358K as of June 2026, down 0.2% 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.

Get a cash offer

Sell without the wait

Sell your Las Cruces home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 88011 range

$329K to $387K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 88011 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Las Cruces, NM.

12-month value trend

-0.2% over 12 months

Typical home value in 88011 over the last 12 months: $359K in Jun 2025 to $358K in Jun 2026 (-0.2%).

Jun 2025$359K

Jun 2026$358K

The numbers

What is the 88011 housing market like?

Typical home value

$358K

Down0.2%YoY

Median list price

$437K

Days on market

73

Up69.8%MoM

Homes for sale

194

Price cuts

16.2%

New listings

62

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

Free home value report

See what your 88011 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 88011 home prices compare?

  • 88011$357,949
  • Las Cruces$295,265
  • New Mexico$279,729
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Las Cruces: 5 ZIPs; New Mexico: 154 ZIPs; United States: 26,270 ZIPs).

Context

There are 194 homes for sale in this ZIP as of June 2026, with 62 new listings entering the market. The median time on market is 73 days. Currently, 16.2% of listings have seen a price cut, suggesting some sellers are adjusting to market conditions. The typical home value of $357,949 has edged slightly lower year over year. For sellers, this is a slower market where pricing strategy matters.

Monthly payment

Estimate your monthly payment.

20% · $71,590

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.