Las Cruces, NM 88005 Real Estate & Property Data

Las Cruces, NM 88005 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 330 residential properties have been sold over the past 12 months in 88005. With a median sales price of $248,563 in 88005 and a total of 1 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 8,339
Total Commercial Properties 542
Avg. Home Age (Single Family Home) 48 Years
Avg. Square Feet (Single Family Home) 1,902
Total 2024 Residential Sales (year-to-date) 31
% of Homes Seriously Underwater (Q2 2024) 1.43%
Total 2023 Residential Sales 325
% of Equity Rich Homes (Q2 2024) 39.26%
Effective 2023 Property Tax 0.56%
Total Foreclosure Filings (year-to-date) 5
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Las Cruces, NM 88005 Real Estate Overview

There were 330 residential properties sold in the past year in Las Cruces, NM 88005. The median home value in Las Cruces, NM 88005 is $270,500. There are a total of 8,339 residential properties in the 88005.

Median Sales Price i
$248,563
(Feb 2024)
-3.3%
year-over-year
y-o-y
  • February '24 Feb '24 $248,563
  • January '24 Jan '24 $258,065
  • December '23 Dec '23 $299,375
  • November '23 Nov '23 $267,008
  • October '23 Oct '23 $203,499
  • September '23 Sep '23 $258,875
  • August '23 Aug '23 $241,164
  • July '23 Jul '23 $280,000
  • June '23 Jun '23 $233,016
  • May '23 May '23 $266,998
  • April '23 Apr '23 $231,074
  • March '23 Mar '23 $194,180
Median Down Payment i
$47,000
(Feb 2024)
-4.1%
year-over-year
y-o-y
  • February '24 Feb '24 $47,000
  • January '24 Jan '24 $55,725
  • December '23 Dec '23 $68,750
  • November '23 Nov '23 $58,750
  • October '23 Oct '23 $12,500
  • September '23 Sep '23 $56,887
  • August '23 Aug '23 $46,572
  • July '23 Jul '23 $53,500
  • June '23 Jun '23 $45,217
  • May '23 May '23 $55,975
  • April '23 Apr '23 $39,100
  • March '23 Mar '23 $34,387
Number of Homes Sold i
15
(Feb 2024)
-31.8%
year-over-year
y-o-y
  • February '24 Feb '24 15
  • January '24 Jan '24 16
  • December '23 Dec '23 16
  • November '23 Nov '23 25
  • October '23 Oct '23 22
  • September '23 Sep '23 23
  • August '23 Aug '23 29
  • July '23 Jul '23 21
  • June '23 Jun '23 43
  • May '23 May '23 31
  • April '23 Apr '23 34
  • March '23 Mar '23 33
Number of Purchase Loans i
13
(Feb 2024)
+8.3%
year-over-year
y-o-y
  • February '24 Feb '24 13
  • January '24 Jan '24 11
  • December '23 Dec '23 16
  • November '23 Nov '23 14
  • October '23 Oct '23 20
  • September '23 Sep '23 19
  • August '23 Aug '23 21
  • July '23 Jul '23 12
  • June '23 Jun '23 31
  • May '23 May '23 30
  • April '23 Apr '23 17
  • March '23 Mar '23 19
Number of REFI Loans i
11
(Feb 2024)
+120%
year-over-year
y-o-y
  • February '24 Feb '24 11
  • January '24 Jan '24 16
  • December '23 Dec '23 10
  • November '23 Nov '23 6
  • October '23 Oct '23 14
  • September '23 Sep '23 13
  • August '23 Aug '23 7
  • July '23 Jul '23 8
  • June '23 Jun '23 18
  • May '23 May '23 13
  • April '23 Apr '23 13
  • March '23 Mar '23 12
Number of HELOC Loans i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 1
  • December '23 Dec '23 4
  • November '23 Nov '23 4
  • October '23 Oct '23 6
  • September '23 Sep '23 2
  • August '23 Aug '23 2
  • July '23 Jul '23 3
  • June '23 Jun '23 N/A
  • May '23 May '23 2
  • April '23 Apr '23 7
  • March '23 Mar '23 2

Las Cruces, NM 88005 Foreclosure Activity

There were a total of 1 Las Cruces, NM 88005 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 4
  • December '23 Dec '23 1
  • November '23 Nov '23 2
  • October '23 Oct '23 N/A
  • September '23 Sep '23 3
  • August '23 Aug '23 N/A
  • July '23 Jul '23 2
  • June '23 Jun '23 2
  • May '23 May '23 1
  • April '23 Apr '23 5
  • March '23 Mar '23 N/A
Foreclosure Starts i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 3
  • December '23 Dec '23 1
  • November '23 Nov '23 2
  • October '23 Oct '23 N/A
  • September '23 Sep '23 3
  • August '23 Aug '23 N/A
  • July '23 Jul '23 2
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 5
  • March '23 Mar '23 N/A
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 1
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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