September 2024 Real Estate Market Update

The Las Cruces real estate market remained steady in September, with 160 homes sold, showcasing a continued demand for properties. While the number of homes sold is consistent, the average sold price saw a slight decline, coming in at $318,162, down from $323,230 in August. This marginal decrease suggests a slight cooling in home prices, though demand remains strong.

Despite fears of a fall pullback in the market, well priced homes are still selling relatively quickly – about 30 days on average.

Homes are still selling for an average of 97% of their asking price, showing that sellers are able to achieve near-list price offers in this competitive environment.

Overall, the September real estate market in Las Cruces remains active, with homes selling quickly and close to asking prices, despite a slight dip in the average sales price.