88012 Home Values & Market Trends

There are 132 homes currently listed for 88012. 88012 real estate market trends show that home prices range from $89,999 to $699,900, and the median sales price in the 88012 zip code is $288,130.68. The total number of properties sold within the past twelve months is 736. In 88012, 10 properties are in foreclosure, 1 are bank owned properties,and 0 are headed for auction.

Housing Market Summary for 88012

Apr 2023March 2024Change
Median Listing Price$296.2K$279.6K-5.62%
Median Sold Price$228.1K$279.6K22.55%
Homes For Sale8612848.84%
Homes Sold322295-8.39%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 88012

The median list price of a home in Las Cruces, is $288,130.68. A total of 132 properties are for sale, and the percentage of properties for sale in the zip code is 132.00%. The total count of 88012 properties is 11,311.

Foreclosure
There is 1 cities within 88012; within this cities, the median estimated home value for homes in foreclosure ranges from $552,291 in las cruces to the lowest value of $70,627 in las cruces. Foreclosure homes account for 0.00% of properties in 88012 with las cruces containing 36 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.08% of all residential properties in 88012 with las cruces containing 30 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 88012; of that cities, the estimated home value for pre-foreclosure homes ranges from $552,291 in las cruces to the lowest home value of $88,878 in las cruces.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 88012 ranges from the highest value of $259,200 in las cruces to the lowest value of $70,627 in las cruces. Bank owned homes and properties account for 0.01% of properties in 88012. There is 1 cities within 88012; las cruces containing 5 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 88012. Auction homes and other auction properties account for 0% of all properties in 88012. There is 1 cities within 88012; of that cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.17% of residential properties in 88012 with las cruces containing 558 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 88012; homes for sale in that cities, have a range of median values from $1,986,730 in las cruces to the lowest value of $54,354 in las cruces.
    Sold Homes
    The median value for recently sold homes ranges from $2,632,320 in las cruces to the lowest price of $30,493 in las cruces. There is 1 cities within 88012. las cruces has 1250 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.96% of properties in 88012.

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      Guide for 88012

      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      Home Buying Financing
      What To Consider Before Renting a RTO Home
      Market Reports
      Charleston Real Estate Market Stabilizes in March 2024 Amid Fluctuations
      See More Articles
      gavel for real estate auction
      New Mexico Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      What To Consider Before Renting a RTO Home
      Home Buying Financing|posted 5 April 2024

      RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.

      Charleston Real Estate Market Stabilizes in March 2024 Amid Fluctuations
      Market Reports|posted 4 April 2024

      The Charleston real estate market has displayed notable fluctuations in property values, with trends for sales volume, square foot costs, and average sale price showing a general upward trajectory.