Las Cruces Housing Market Update – November 2025

Welcome to your Las Cruces Real Estate Market Update for November 2025! Whether you’re thinking of buying, selling, or investing, staying current with local trends helps you make smarter real estate decisions.

Here’s your insider look at how the Doña Ana County real estate market performed in October 2025, based on official data from the Southern New Mexico MLS.

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📊 Key Statistics (October 2025 vs October 2024)

Metric	Oct 2025	Oct 2024	% Change
Absorption Rate	5.12 months	4.88 months	+4.9 %
Avg List Price (Actives)	$423,482	$412,131	+2.75 %
Median List Price (Actives)	$354,750	$356,940	–0.61 %
Avg Sale Price (Solds)	$326,653	$324,665	+0.61 %
Median Sale Price (Solds)	$300,470	$305,000	–1.49 %
Avg Days on Market (CDOM)	71 days	60 days	+18 %

💡 What this means:
The market remains balanced to mildly buyer-favored, with slightly slower movement and only minor price changes. Inventory is up 10.5 % year over year, showing more options for buyers heading into the holidays.

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💵 Pricing and Sales Highlights

• Average Sale Price (YTD 2025): $345,428 (+4.7 % from 2024)
  
  

• Median Sale Price (YTD 2025): $314,063 (+2.7 %)
  
  

• Most active price ranges: $250K–$399K accounted for 64 % of sales.
  
  

• Luxury ($500K+): Up 23 % year over year – high-end demand remains strong.
  
  

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📈 Sales and Inventory Overview

• Sold listings: 166 (–3.5 % from Oct 2024)
  
  

• Pending sales: 198 (+20 %) → sign of momentum heading into November.
  
  

• Active listings: 779 (+10.5 %) → buyers have more selection.
  
  

• New listings: 282 (+50 %) → sellers are re-entering the market.
  
  

🧭 Overall, Las Cruces is showing stability and confidence — even as interest rates shift, homes under $400K remain the strongest segment.

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🏡 Neighborhoods to Watch

• Metro Verde (East Mesa): New construction phases and steady sales pace.
  
  

• Sonoma Ranch: Luxury and golf-course homes still moving fast.
  
  

• Santa Teresa / Chaparral: Growth expected as new industrial projects expand.
  
  

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🌵 Cactus & Keys Takeaway

Despite slightly longer days on market, homes priced correctly are selling well and buyers now have more inventory to choose from. With interest rates projected to ease in early 2026, this fall is an ideal window for both buyers and sellers to make a move.

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💬 Ready to buy or sell in Las Cruces?
Contact Jayden Abernathy & the Cactus & Keys Group at Keller Williams for personalized market insights and data-driven guidance.

Jayden Abernathy- 575-910-2635
Paris Fischer 505-525-4242