Las Cruces, NM 88005 Real Estate & Property Data

Las Cruces, NM 88005 Real Estate Market Trends
Last Updated: September 06, 2025

A total of 288 residential properties have been sold over the past 12 months in 88005. With a median sales price of $280,270 in 88005 and a total of 2 foreclosures in Las Cruces, NM 88005. Discover market trends and get the granular level real estate data for Las Cruces, NM 88005 to keep your pulse on the housing market. Curate compelling home reports for Las Cruces, NM 88005 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Las Cruces, NM 88005 Real Estate Market Trends
Total Residential Properties 8,442
Total Commercial Properties 515
Avg. Home Age (Single Family Home) 49 Years
Avg. Square Feet (Single Family Home) 1,958
Total 2025 Residential Sales (year-to-date) 125
% of Homes Seriously Underwater (Q3 2025) 1.49%
Total 2024 Residential Sales 295
% of Equity Rich Homes (Q3 2025) 38.29%
Effective 2024 Property Tax 0.57%
Total Foreclosure Filings (year-to-date) 15
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Las Cruces, NM 88005 Real Estate Overview

There were 288 residential properties sold in the past year in Las Cruces, NM 88005. The median home value in Las Cruces, NM 88005 is $278,500. There are a total of 8,442 residential properties in the 88005.

Median Sales Price i
$280,270
(Jun 2025)
-10.8%
year-over-year
y-o-y
  • June '25 Jun '25 $280,270
  • May '25 May '25 $251,217
  • April '25 Apr '25 $258,280
  • March '25 Mar '25 $242,628
  • February '25 Feb '25 $262,744
  • January '25 Jan '25 $224,358
  • December '24 Dec '24 $295,075
  • November '24 Nov '24 $346,397
  • October '24 Oct '24 $308,811
  • September '24 Sep '24 $259,837
  • August '24 Aug '24 $271,250
  • July '24 Jul '24 $278,810
Median Down Payment i
$58,147
(Jun 2025)
+483.2%
year-over-year
y-o-y
  • June '25 Jun '25 $58,147
  • May '25 May '25 $48,500
  • April '25 Apr '25 $10,959
  • March '25 Mar '25 $6,458
  • February '25 Feb '25 $74,584
  • January '25 Jan '25 $36,562
  • December '24 Dec '24 $46,812
  • November '24 Nov '24 $71,812
  • October '24 Oct '24 $10,684
  • September '24 Sep '24 $20,406
  • August '24 Aug '24 $54,250
  • July '24 Jul '24 $26,200
Number of Homes Sold i
27
(Jun 2025)
-12.9%
year-over-year
y-o-y
  • June '25 Jun '25 27
  • May '25 May '25 16
  • April '25 Apr '25 27
  • March '25 Mar '25 14
  • February '25 Feb '25 21
  • January '25 Jan '25 20
  • December '24 Dec '24 16
  • November '24 Nov '24 13
  • October '24 Oct '24 20
  • September '24 Sep '24 24
  • August '24 Aug '24 30
  • July '24 Jul '24 29
Number of Purchase Loans i
18
(Jun 2025)
+28.6%
year-over-year
y-o-y
  • June '25 Jun '25 18
  • May '25 May '25 8
  • April '25 Apr '25 13
  • March '25 Mar '25 19
  • February '25 Feb '25 14
  • January '25 Jan '25 14
  • December '24 Dec '24 14
  • November '24 Nov '24 10
  • October '24 Oct '24 16
  • September '24 Sep '24 17
  • August '24 Aug '24 16
  • July '24 Jul '24 11
Number of REFI Loans i
17
(Jun 2025)
+112.5%
year-over-year
y-o-y
  • June '25 Jun '25 17
  • May '25 May '25 12
  • April '25 Apr '25 13
  • March '25 Mar '25 9
  • February '25 Feb '25 16
  • January '25 Jan '25 16
  • December '24 Dec '24 18
  • November '24 Nov '24 14
  • October '24 Oct '24 21
  • September '24 Sep '24 16
  • August '24 Aug '24 15
  • July '24 Jul '24 13
Number of HELOC Loans i
1
(Jun 2025)
-80%
year-over-year
y-o-y
  • June '25 Jun '25 1
  • May '25 May '25 2
  • April '25 Apr '25 N/A
  • March '25 Mar '25 3
  • February '25 Feb '25 5
  • January '25 Jan '25 4
  • December '24 Dec '24 2
  • November '24 Nov '24 3
  • October '24 Oct '24 2
  • September '24 Sep '24 3
  • August '24 Aug '24 8
  • July '24 Jul '24 3

Las Cruces, NM 88005 Foreclosure Activity

There were a total of 2 Las Cruces, NM 88005 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i
2
(Jun 2025)
-50%
year-over-year
y-o-y
  • June '25 Jun '25 2
  • May '25 May '25 6
  • April '25 Apr '25 1
  • March '25 Mar '25 4
  • February '25 Feb '25 1
  • January '25 Jan '25 1
  • December '24 Dec '24 N/A
  • November '24 Nov '24 2
  • October '24 Oct '24 4
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
Foreclosure Starts i
2
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 2
  • May '25 May '25 3
  • April '25 Apr '25 1
  • March '25 Mar '25 4
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 2
  • October '24 Oct '24 4
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
Completed Foreclosures (REOs) i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 N/A
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
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