Market Intelligence · NM / Las Cruces

Las Cruces, NM 88012 Housing Market

The typical home value in Las Cruces 88012 is $295,265, down 0.8% over the past year. The median list price stands at $341,000, with homes taking a median of 65 days to sell.

Updated June 2026Median value$295K

The median home value in Las Cruces, NM 88012 is $295K as of June 2026, down 0.8% 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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Typical 88012 range

$272K to $319K

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

-0.8% over 12 months

Typical home value in 88012 over the last 12 months: $298K in Jun 2025 to $295K in Jun 2026 (-0.8%).

Jun 2025$298K

Jun 2026$295K

The numbers

What is the 88012 housing market like?

Typical home value

$295K

Down0.8%YoY

Median list price

$341K

Days on market

65

Up4.8%MoM

Homes for sale

200

Price cuts

13.1%

New listings

66

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

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The comparison

How do 88012 home prices compare?

  • 88012$295,265
  • 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

As of June 2026, there are 200 homes for sale in the 88012 ZIP code, with 66 new listings added recently. The median asking price of $341,000 sits notably above the typical home value, suggesting many sellers are pricing optimistically. Homes are spending a median of 65 days on the market before sale. About 13.1% of listings have already taken a price cut, a sign that some sellers are adjusting to market conditions. If you're considering selling, expect a slower process with moderate competition.

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20% · $59,053

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