Las Cruces Real Estate Market

Weekly Update

12/30/25

 
 
  • The market has 759 Active properties this week, 747 last week.
  • New to One Year increased from 154 to 161 Available.
  • Townhouses remained with 18 Available.
  • Condos increased from 16 to 17 Available.
  • Manufactured Homes increased from 49 to 50 Available.
  • Under Contract decreased from 236 to 215 this week.


  • November 2025 ended up with 140 Closed properties. November 2024 , 43 properties closed.
  • The Average Sales Price decreased to $339,519.
  • Absorption rate is 5.27.
  • The DOM- (Days on the Market) increased to 92 days.
  • CLC New Construction Building Permits for November 2025 was 25 and November 2024 was 28.



Current Inventory Of Homes 12-30-2025



Absorption Rate- 5.27

Active- 759

New Listings- 11 (Available Properties)

Under Contract- 215

New To One Year- 161 (Available Properties)

Condos- 17 (Available Properties)

Manufactured Homes- 50 (Available Properties)

Townhomes- 18`(Available Properties)


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Total Site-Built Homes Available = 709


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Absorption Rate- 5.27

Active Homes- 759

Average List Price (Actives)- $416,626

Average Sales Price (Solds)- $339,519

Average DOM (Days On the Market)- 92

Active Listings

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Available Residential Lots
*Single-family, 5.0 acres or less, Electricity

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Average Days on the Market
*DOM is calculated from listing date until under contract date.

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MLIS Residential Sales, Year to Date

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Mortgage Rates

12/30/25

30 Year Fixed Rate- 6.18%

15 Year Fixed Rate- 5.50%


*Source-www.HSH.com

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Absorption Rate

5.27, Last Year 4.83


Absorption Rate Definition-

The Absorption Rate, in Months chart shows how long the current inventory of properties would last at the current rate of sales.


If no new properties were added to the market, and sales continued at a steady pace, the Absorption rate indicates the number of months required to sell all the properties on the market.


Absorption rate is based on two numbers:

  • The number of active listings
  • The average number of listings sold per month for the previous n months.


The number of active listings is a "snapshot" of listings active on a single day (the 15th of the month). The number of months of sold listings, here, is 12.


The formula is Absorption Ratio = A ÷ N

Where A = listings active on the 15th of the month, and

N = the average number of listings sold during each of the previous 12 months


 

Months Supply of Inventory by Price Range

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Market Summary Report

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Building Permits

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November Development Activity Report




 
 
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Tobe Turpen

Better Homes & Gardens Real Estate

Steinborn & Associates

141 Roadrunner Parkway #141

Las Cruces, N.M. 88011

575-522-3698

25+ Years Experience

Direct- 575-621-1462

www.TobeTurpen.com