LAS CRUCES Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Las Cruces averaged
6.79%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
6.94% and
one month ago for the week of 2025-04-17, the
average rate was 6.76%.
Las Cruces's average rate one year ago was 6.85%.
For refis of the same type during the week of 2025-05-22, the average rate
was 6.78%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Las Cruces 30 Year Fixed Rate | 2025-05-22 | 6.79% |
| Las Cruces 30 Year Fixed Rate Refi | 2025-05-22 | 6.78% |
| Las Cruces 15 Year Fixed Rate | 2025-05-22 | 5.61% |
| Las Cruces 15 Year Fixed Rate Refi | 2025-05-22 | 6.61% |
| Las Cruces 30 Year FHA | 2025-05-22 | 6.29% |
| Las Cruces 30 Year FHA Refi | 2025-05-22 | 6.51% |
| Las Cruces 30 Year USDA | 2025-05-22 | 6.33% |
| Las Cruces 30 Year USDA Refi | 2025-05-22 | 6.23% |
| Las Cruces 30 Year VA | 2025-05-22 | 6.57% |
| Las Cruces 30 Year VA Refi | 2025-05-22 | 6.06% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LAS CRUCES, NM.
LAS CRUCES Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the LAS CRUCES, NM market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
LAS CRUCES Average Closing Costs & Other Stats
LAS CRUCES, NM's 122 lenders originated 3,840
loans during 2024. The total origination value was $885,450,000, with an average loan value of
$230,586.
LAS CRUCES's average closing costs are $5,850.
The top LAS CRUCES lender as defined by loan originations is Citizens Bank of Las Cruces, with
163 loans originated. Their average total fees are
$3,767, which is $3,652
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee LAS CRUCES lenders (with over 10 loans originated) are
GECU ($3,209), FirstLight Federal Credit Union ($3,530), SUN AMERICAN MORTGAGE COMPANY ($3,581), Citizens Bank of Las Cruces ($3,767) and Gateway First Bank ($3,992).
The lowest rate LAS CRUCES lenders (with over 10 loans originated) are
NUSENDA (6.07%), Waterstone Mortgage Corporation (6.22%), JPMorgan Chase Bank (6.37%), CMG MORTGAGE, INC. (6.40%) and LOANDEPOT.COM, LLC (6.43%).
LAS CRUCES, NM Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Citizens Bank of Las Cruces | $81,745,000 | $80,005,000 | -2.1% | 9.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $50,640,000 | $69,815,000 | 37.9% | 7.9% |
| QUICKEN LOANS, LLC | $55,455,000 | $62,180,000 | 12.1% | 7.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $40,730,000 | $52,485,000 | 28.9% | 5.9% |
| GUILD MORTGAGE COMPANY | $15,205,000 | $29,120,000 | 91.5% | 3.3% |
| Mortgage Research Center, LLC | $18,940,000 | $26,490,000 | 39.9% | 3.0% |
| Waterstone Mortgage Corporation | $25,895,000 | $26,190,000 | 1.1% | 3.0% |
| Rocky Mountain Mortgage Company | $17,205,000 | $25,665,000 | 49.2% | 2.9% |
| Cedar Rapids Bank and Trust Company | $23,680,000 | n/a | 2.7% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $26,570,000 | $20,930,000 | -21.2% | 2.4% |
| Commerce Home Mortgage, Inc. | $7,585,000 | $18,310,000 | 141.4% | 2.1% |
| JPMorgan Chase Bank | $5,315,000 | $17,915,000 | 237.1% | 2.0% |
| NAVY FEDERAL CREDIT UNION | $14,175,000 | $16,370,000 | 15.5% | 1.8% |
| FREEDOM MORTGAGE CORPORATION | $4,570,000 | $15,095,000 | 230.3% | 1.7% |
| ORIX REAL ESTATE CAPITAL, LLC | $10,415,000 | $14,905,000 | 43.1% | 1.7% |
| BROKER SOLUTIONS, INC. | $5,700,000 | $13,510,000 | 137.0% | 1.5% |
| PENNYMAC LOAN SERVICES, LLC | $5,800,000 | $13,400,000 | 131.0% | 1.5% |
| FirstLight Federal Credit Union | $7,885,000 | $11,955,000 | 51.6% | 1.4% |
| First American Bank | $12,710,000 | $10,820,000 | -14.9% | 1.2% |
| SUN AMERICAN MORTGAGE COMPANY | $7,265,000 | $10,580,000 | 45.6% | 1.2% |
| Gateway First Bank | $9,505,000 | $9,895,000 | 4.1% | 1.1% |
| Plains Commerce Bank | $4,455,000 | $9,845,000 | 121.0% | 1.1% |
| 21ST MORTGAGE CORPORATION | $10,315,000 | $9,560,000 | -7.3% | 1.1% |
| LOANDEPOT.COM, LLC | $7,380,000 | $9,525,000 | 29.1% | 1.1% |
| U.S. Bank | $8,620,000 | $9,065,000 | 5.2% | 1.0% |
| First New Mexico Bank, Las Cruces | $12,960,000 | $8,280,000 | -36.1% | 0.9% |
| NUSENDA | $9,740,000 | $7,995,000 | -17.9% | 0.9% |
| CMG MORTGAGE, INC. | $4,910,000 | $7,430,000 | 51.3% | 0.8% |
| Wells Fargo Bank | $10,990,000 | $7,400,000 | -32.7% | 0.8% |
| MID AMERICA MORTGAGE, INC. | $3,705,000 | $6,995,000 | 88.8% | 0.8% |
| USAA Federal Savings Bank | $6,260,000 | $6,820,000 | 8.9% | 0.8% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $4,135,000 | $6,770,000 | 63.7% | 0.8% |
| Bank of America | $5,310,000 | $6,200,000 | 16.8% | 0.7% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $6,090,000 | n/a | 0.7% | |
| White Sands Federal Credit Union | $7,080,000 | $5,695,000 | -19.6% | 0.6% |
| GECU | $6,880,000 | $5,620,000 | -18.3% | 0.6% |
| MICHIGAN MUTUAL, INC. | $1,370,000 | $5,585,000 | 307.7% | 0.6% |
| NEWREZ LLC | $3,970,000 | $5,305,000 | 33.6% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $4,170,000 | $5,025,000 | 20.5% | 0.6% |
| LOANPEOPLE, LLC | $265,000 | $4,795,000 | 1,709.4% | 0.5% |
| Washington Federal Bank | $2,260,000 | $4,590,000 | 103.1% | 0.5% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $325,000 | $4,585,000 | 1,310.8% | 0.5% |
| CARDINAL FINANCIAL | $7,155,000 | $4,490,000 | -37.2% | 0.5% |
| VILLAGE CAPITAL MORTGAGE | $1,280,000 | $4,075,000 | 218.4% | 0.5% |
| The Central Trust Bank | $305,000 | $3,950,000 | 1,195.1% | 0.4% |
| Century Mortgage Company DBA Century Lending Company | $1,830,000 | $3,870,000 | 111.5% | 0.4% |
| The Federal Savings Bank | $3,825,000 | $3,710,000 | -3.0% | 0.4% |
| NEW DAY FINANCIAL, LLC | $1,800,000 | $3,490,000 | 93.9% | 0.4% |
| HOMEXPRESS MORTGAGE CORP. | $1,110,000 | $3,370,000 | 203.6% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,580,000 | $3,365,000 | -26.5% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $2,945,000 | $3,315,000 | 12.6% | 0.4% |
| BMO Harris Bank | $2,450,000 | $3,300,000 | 34.7% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,845,000 | $3,290,000 | -14.4% | 0.4% |
| BOKF | $3,320,000 | $3,245,000 | -2.3% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,110,000 | $3,180,000 | 50.7% | 0.4% |
| CADENCE LENDING GROUP, INC. | $2,095,000 | $3,055,000 | 45.8% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $4,835,000 | $2,860,000 | -40.8% | 0.3% |
| LOANPAL, LLC | $2,290,000 | $2,830,000 | 23.6% | 0.3% |
| SANDIA LABORATORY | $1,115,000 | $2,825,000 | 153.4% | 0.3% |
| The Loan Store, Inc. | $2,825,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $5,065,000 | $2,605,000 | -48.6% | 0.3% |
| NEXERA HOLDING LLC | $2,360,000 | n/a | 0.3% | |
| UNION HOME MORTGAGE CORP. | $4,910,000 | $2,350,000 | -52.1% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $750,000 | $2,335,000 | 211.3% | 0.3% |
| NBKC BANK | $660,000 | $2,285,000 | 246.2% | 0.3% |
| PLANET HOME LENDING, LLC | $665,000 | $2,095,000 | 215.0% | 0.2% |
| EL PASO AREA TEACHERS | $855,000 | $2,025,000 | 136.8% | 0.2% |
| DIRECTIONS EQUITY, LLC | $1,890,000 | $1,980,000 | 4.8% | 0.2% |
| LENDINGONE, LLC | $605,000 | $1,965,000 | 224.8% | 0.2% |
| ZILLOW HOME LOANS, LLC | $1,010,000 | $1,915,000 | 89.6% | 0.2% |
| Carrington Mortgage Services, LLC | $2,300,000 | $1,910,000 | -17.0% | 0.2% |
| Discover Bank | $2,740,000 | $1,885,000 | -31.2% | 0.2% |
| GENEVA FINANCIAL, LLC | $630,000 | $1,855,000 | 194.4% | 0.2% |
| Armed Forces Bank | $1,315,000 | $1,795,000 | 36.5% | 0.2% |
| PNC Bank | $4,025,000 | $1,735,000 | -56.9% | 0.2% |
| V.I.P. MORTGAGE, INC. | $1,440,000 | $1,715,000 | 19.1% | 0.2% |
| First National Bank Texas | $730,000 | $1,600,000 | 119.2% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,405,000 | $1,595,000 | -53.2% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $7,925,000 | $1,580,000 | -80.1% | 0.2% |
| S1L, Inc. | $115,000 | $1,505,000 | 1,208.7% | 0.2% |
| Farm Credit Mid-America, ACA | $1,490,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,435,000 | n/a | 0.2% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,525,000 | $1,365,000 | -10.5% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,410,000 | $1,300,000 | -7.8% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,295,000 | n/a | 0.1% | |
| Bank of the Southwest | $490,000 | $1,225,000 | 150.0% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $3,015,000 | $1,160,000 | -61.5% | 0.1% |
| Nations Lending Corporation | $1,850,000 | $1,130,000 | -38.9% | 0.1% |
| Citizens Bank | $590,000 | $1,115,000 | 89.0% | 0.1% |
| Sunflower Bank | $2,455,000 | $1,040,000 | -57.6% | 0.1% |
| City Bank | $435,000 | $1,015,000 | 133.3% | 0.1% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $1,785,000 | $1,010,000 | -43.4% | 0.1% |
| SANDIA AREA | $1,000,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $1,180,000 | $985,000 | -16.5% | 0.1% |
| Prosperity Home Mortgage, LLC | $75,000 | $935,000 | 1,146.7% | 0.1% |
| NexBank | $2,020,000 | $925,000 | -54.2% | 0.1% |
| LRS FINANCIAL NETWORK, INC. | $910,000 | n/a | 0.1% | |
| POLARIS HOME FUNDING CORP. | $275,000 | $880,000 | 220.0% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $870,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $2,370,000 | $860,000 | -63.7% | 0.1% |
| VERITAS FUNDING, LLC | $225,000 | $855,000 | 280.0% | 0.1% |
| CLEARPATH LENDING | $895,000 | $850,000 | -5.0% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $810,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $1,125,000 | $765,000 | -32.0% | 0.1% |
| GUARANTEED RATE, INC. | $4,390,000 | $755,000 | -82.8% | 0.1% |
| First Financial Credit Union | $55,000 | $750,000 | 1,263.6% | 0.1% |
| Figure Lending LLC | $1,250,000 | $740,000 | -40.8% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $85,000 | $740,000 | 770.6% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $565,000 | $725,000 | 28.3% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $320,000 | $720,000 | 125.0% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $1,600,000 | $715,000 | -55.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,050,000 | $690,000 | -34.3% | 0.1% |
| Pioneer Bank | $1,905,000 | $655,000 | -65.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $460,000 | $640,000 | 39.1% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $135,000 | $635,000 | 370.4% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $630,000 | n/a | 0.1% | |
| Northpointe Bank | $965,000 | $595,000 | -38.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $55,000 | $595,000 | 981.8% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $770,000 | $570,000 | -26.0% | 0.1% |
| Citadel Servicing Corporation | $550,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $530,000 | $550,000 | 3.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,530,000 | $545,000 | -64.4% | 0.1% |
| Coastal Community Bank | $765,000 | $520,000 | -32.0% | 0.1% |
| Kirtland Federal Credit Union | $615,000 | $520,000 | -15.4% | 0.1% |
| Bank of Colorado | $515,000 | n/a | 0.1% | |
| Princeton Mortgage Corporation | $365,000 | $510,000 | 39.7% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $530,000 | $490,000 | -7.5% | 0.1% |
| Magnolia Bank | $720,000 | $485,000 | -32.6% | 0.1% |
| MORTGAGEONE, INC. | $1,245,000 | $480,000 | -61.4% | 0.1% |
| PHH Mortgage Corporation | $625,000 | $450,000 | -28.0% | 0.1% |
| Greenville National Bank | $435,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $205,000 | $425,000 | 107.3% | 0.0% |
| Hometown Equity Mortgage, LLC | $420,000 | n/a | 0.0% | |
| Zions Bank | $420,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $135,000 | $410,000 | 203.7% | 0.0% |
| Bethpage Federal Credit Union | $250,000 | $405,000 | 62.0% | 0.0% |
| STATE EMPLOYEES | $150,000 | $400,000 | 166.7% | 0.0% |
| Leader Bank | $385,000 | n/a | 0.0% | |
| NBH Bank | $375,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $2,160,000 | $375,000 | -82.6% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $365,000 | n/a | 0.0% | |
| Franklin Loan Corporation | $365,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $760,000 | $365,000 | -52.0% | 0.0% |
| UBS Bank USA | $225,000 | $365,000 | 62.2% | 0.0% |
| First Federal Bank | $295,000 | $360,000 | 22.0% | 0.0% |
| OCMBC, INC. | $1,545,000 | $360,000 | -76.7% | 0.0% |
| Bell Bank | $380,000 | $355,000 | -6.6% | 0.0% |
| TJC Mortgage, Inc. | $355,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $340,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $185,000 | $330,000 | 78.4% | 0.0% |
| DIRECT MORTGAGE, CORP. | $325,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $275,000 | $315,000 | 14.5% | 0.0% |
| Truist | $145,000 | $315,000 | 117.2% | 0.0% |
| DIGITAL Federal Credit Union | $305,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $295,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $295,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $485,000 | $275,000 | -43.3% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $135,000 | $275,000 | 103.7% | 0.0% |
| First State Bank | $265,000 | n/a | 0.0% | |
| Florida Capital Bank | $265,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $75,000 | $260,000 | 246.7% | 0.0% |
| Axos Bank | $115,000 | $255,000 | 121.7% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $255,000 | n/a | 0.0% | |
| HOMETRUST MORTGAGE COMPANY | $255,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $255,000 | n/a | 0.0% | |
| Western State Bank | $255,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $235,000 | $245,000 | 4.3% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $175,000 | $245,000 | 40.0% | 0.0% |
| Servion, Inc. | $295,000 | $245,000 | -16.9% | 0.0% |
| Cornerstone First Mortgage, Inc | $235,000 | n/a | 0.0% | |
| THE MORTGAGE LINK, INC. | $295,000 | $235,000 | -20.3% | 0.0% |
| AMERICA FIRST | $230,000 | n/a | 0.0% | |
| Fifth Third Bank | $230,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $225,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $855,000 | $225,000 | -73.7% | 0.0% |
| RESIDENTIAL BANCORP | $305,000 | $225,000 | -26.2% | 0.0% |
| SPRING EQ, LLC | $680,000 | $225,000 | -66.9% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $220,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,070,000 | $215,000 | -79.9% | 0.0% |
| Comerica Bank | $215,000 | n/a | 0.0% | |
| COREVEST AMERICAN FINANCE LENDER LLC | $215,000 | n/a | 0.0% | |
| FUNDLOANS CAPITAL | $215,000 | n/a | 0.0% | |
| Herring Bank | $215,000 | n/a | 0.0% | |
| TOWER | $215,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $935,000 | $205,000 | -78.1% | 0.0% |
| THRIVENT Federal Credit Union | $205,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $185,000 | n/a | 0.0% | |
| Bank of England | $185,000 | n/a | 0.0% | |
| First Savings Bank | $75,000 | $185,000 | 146.7% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $95,000 | $185,000 | 94.7% | 0.0% |
| First Option Mortgage, LLC | $845,000 | $175,000 | -79.3% | 0.0% |
| Cache Valley Bank | $165,000 | n/a | 0.0% | |
| Del Norte Credit Union | $90,000 | $165,000 | 83.3% | 0.0% |
| M&T Bank | $165,000 | n/a | 0.0% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $3,135,000 | $165,000 | -94.7% | 0.0% |
| Willamette Valley Bank | $155,000 | n/a | 0.0% | |
| MOUNTAIN AMERICA | $565,000 | $150,000 | -73.5% | 0.0% |
| Northwest Federal Credit Union | $150,000 | n/a | 0.0% | |
| AMERITRUST MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| Texana Bank | $135,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $125,000 | n/a | 0.0% | |
| DIRECTORS MORTGAGE, INC. | $275,000 | $115,000 | -58.2% | 0.0% |
| CHEVRON | $25,000 | n/a | 0.0% | |
| RIO GRANDE | $295,000 | $25,000 | -91.5% | 0.0% |
LAS CRUCES's top lender by overall market share is Citizens Bank of Las Cruces, with 9.0% market share. In second place, with 7.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $69,815,000 in loans. In third place, with 7.0%, is QUICKEN LOANS, LLC, having originated $62,180,000 in loans. In fourth place, with 5.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $52,485,000 in loans. In fifth place, with 3.3%, is GUILD MORTGAGE COMPANY, having originated $29,120,000 in loans.
LAS CRUCES Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - LAS CRUCES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $213,913 (4.0%) | $274,512 (5.8%) | 0.79 | 772 |
| 2018-02-01 | $212,854 (-1.0%) | $272,853 (4.8%) | 0.77 | 782 |
| 2018-03-01 | $207,950 (-1.5%) | $259,822 (0.6%) | 0.73 | 838 |
| 2018-04-01 | $208,738 (-0.1%) | $261,985 (2.1%) | 0.71 | 841 |
| 2018-05-01 | $209,450 (1.0%) | $267,533 (5.0%) | 0.70 | 859 |
| 2018-06-01 | $214,950 (4.1%) | $269,786 (4.2%) | 0.72 | 855 |
| 2018-07-01 | $212,580 (1.3%) | $269,005 (4.9%) | 0.71 | 863 |
| 2018-08-01 | $205,000 (-2.6%) | $262,864 (1.8%) | 0.69 | 856 |
| 2018-09-01 | $209,000 (-1.8%) | $265,762 (2.4%) | 0.70 | 835 |
| 2018-10-01 | $210,185 (-1.8%) | $271,970 (4.7%) | 0.71 | 851 |
| 2018-11-01 | $206,363 (-3.2%) | $271,148 (3.2%) | 0.70 | 824 |
| 2018-12-01 | $204,201 (-2.8%) | $267,686 (2.4%) | 0.70 | 800 |
| 2019-01-01 | $205,000 (-4.2%) | $280,332 (2.1%) | 0.71 | 724 |
| 2019-02-01 | $216,873 (1.9%) | $286,198 (4.9%) | 0.73 | 723 |
| 2019-03-01 | $216,490 (4.1%) | $290,624 (11.9%) | 0.71 | 704 |
| 2019-04-01 | $224,500 (7.6%) | $303,317 (15.8%) | 0.71 | 670 |
| 2019-05-01 | $224,900 (7.4%) | $308,721 (15.4%) | 0.70 | 681 |
| 2019-06-01 | $227,500 (5.8%) | $313,905 (16.4%) | 0.71 | 684 |
| 2019-07-01 | $229,488 (8.0%) | $313,461 (16.5%) | 0.72 | 683 |
| 2019-08-01 | $229,273 (11.8%) | $312,273 (18.8%) | 0.73 | 683 |
| 2019-09-01 | $229,682 (9.9%) | $311,210 (17.1%) | 0.74 | 671 |
| 2019-10-01 | $229,975 (9.4%) | $312,123 (14.8%) | 0.74 | 663 |
| 2019-11-01 | $228,900 (10.9%) | $300,715 (10.9%) | 0.75 | 657 |
| 2019-12-01 | $228,850 (12.1%) | $298,923 (11.7%) | 0.76 | 625 |
| 2020-01-01 | $224,056 (9.3%) | $282,827 (0.9%) | 0.75 | 741 |
| 2020-02-01 | $225,000 (3.8%) | $283,542 (-0.9%) | 0.74 | 772 |
| 2020-03-01 | $235,000 (8.6%) | $293,615 (1.0%) | 0.74 | 769 |
| 2020-04-01 | $235,471 (4.9%) | $293,993 (-3.1%) | 0.74 | 735 |
| 2020-05-01 | $238,000 (5.8%) | $294,710 (-4.5%) | 0.72 | 738 |
| 2020-06-01 | $242,000 (6.4%) | $297,601 (-5.2%) | 0.71 | 729 |
| 2020-07-01 | $242,500 (5.7%) | $300,470 (-4.1%) | 0.70 | 714 |
| 2020-08-01 | $239,000 (4.2%) | $300,581 (-3.7%) | 0.68 | 714 |
| 2020-09-01 | $238,320 (3.8%) | $300,940 (-3.3%) | 0.68 | 659 |
| 2020-10-01 | $235,850 (2.6%) | $299,182 (-4.2%) | 0.68 | 671 |
| 2020-11-01 | $241,000 (5.3%) | $302,263 (0.5%) | 0.70 | 679 |
| 2020-12-01 | $249,450 (9.0%) | $303,359 (1.5%) | 0.74 | 643 |
| 2021-01-01 | $262,500 (17.2%) | $307,532 (8.7%) | 0.78 | 594 |
| 2021-02-01 | $264,500 (17.6%) | $307,885 (8.6%) | 0.77 | 602 |
| 2021-03-01 | $265,955 (13.2%) | $306,190 (4.3%) | 0.75 | 638 |
| 2021-04-01 | $269,000 (14.2%) | $303,555 (3.3%) | 0.73 | 666 |
| 2021-05-01 | $275,000 (15.6%) | $309,941 (5.2%) | 0.73 | 673 |
| 2021-06-01 | $279,000 (15.3%) | $319,561 (7.4%) | 0.73 | 691 |
| 2021-07-01 | $284,500 (17.3%) | $326,051 (8.5%) | 0.75 | 742 |
| 2021-08-01 | $285,000 (19.3%) | $327,273 (8.9%) | 0.76 | 800 |
| 2021-09-01 | $279,500 (17.3%) | $330,208 (9.7%) | 0.75 | 763 |
| 2021-10-01 | $285,000 (20.8%) | $338,327 (13.1%) | 0.76 | 710 |
| 2021-11-01 | $278,989 (15.8%) | $336,266 (11.3%) | 0.75 | 682 |
| 2021-12-01 | $294,500 (18.1%) | $341,251 (12.5%) | 0.80 | 660 |
| 2022-01-01 | $335,950 (28.0%) | $356,137 (15.8%) | 0.91 | 615 |
| 2022-02-01 | $346,500 (31.0%) | $362,787 (17.8%) | 0.90 | 593 |
| 2022-03-01 | $328,695 (23.6%) | $369,468 (20.7%) | 0.82 | 637 |
| 2022-04-01 | $330,000 (22.7%) | $377,241 (24.3%) | 0.79 | 607 |
| 2022-05-01 | $338,818 (23.2%) | $383,578 (23.8%) | 0.77 | 606 |
| 2022-06-01 | $346,330 (24.1%) | $384,608 (20.4%) | 0.77 | 631 |
| 2022-07-01 | $356,130 (25.2%) | $389,890 (19.6%) | 0.80 | 658 |
| 2022-08-01 | $361,333 (26.8%) | $397,534 (21.5%) | 0.84 | 681 |
| 2022-09-01 | $364,983 (30.6%) | $402,954 (22.0%) | 0.85 | 655 |
| 2022-10-01 | $359,613 (26.2%) | $393,849 (16.4%) | 0.85 | 672 |
| 2022-11-01 | $362,950 (30.1%) | $389,911 (16.0%) | 0.87 | 750 |
| 2022-12-01 | $369,500 (25.5%) | $392,120 (14.9%) | 0.91 | 681 |
| 2023-01-01 | $370,113 (10.2%) | $390,349 (9.6%) | 0.92 | 662 |
| 2023-02-01 | $359,756 (3.8%) | $382,956 (5.6%) | 0.87 | 675 |
| 2023-03-01 | $351,085 (6.8%) | $385,119 (4.2%) | 0.83 | 674 |
| 2023-04-01 | $349,925 (6.0%) | $390,236 (3.4%) | 0.81 | 704 |
| 2023-05-01 | $352,849 (4.1%) | $401,436 (4.7%) | 0.80 | 714 |
| 2023-06-01 | $356,075 (2.8%) | $403,175 (4.8%) | 0.80 | 712 |
| 2023-07-01 | $362,465 (1.8%) | $411,609 (5.6%) | 0.82 | 707 |
| 2023-08-01 | $357,463 (-1.1%) | $407,246 (2.4%) | 0.82 | 778 |
| 2023-09-01 | $357,000 (-2.2%) | $407,908 (1.2%) | 0.83 | 912 |
| 2023-10-01 | $362,225 (0.7%) | $422,722 (7.3%) | 0.85 | 598 |
| 2023-11-01 | $372,338 (2.6%) | $430,650 (10.5%) | 0.89 | 607 |
| 2023-12-01 | $369,950 (0.1%) | $434,084 (10.7%) | 0.90 | 597 |
| 2024-01-01 | $370,088 (0.0%) | $438,392 (12.3%) | 0.90 | 582 |
| 2024-02-01 | $374,963 (4.2%) | $440,668 (15.1%) | 0.90 | 599 |
| 2024-03-01 | $369,000 (5.1%) | $430,993 (11.9%) | 0.87 | 630 |
| 2024-04-01 | $365,000 (4.3%) | $425,553 (9.1%) | 0.85 | 650 |
| 2024-05-01 | $365,000 (3.4%) | $422,496 (5.3%) | 0.83 | 670 |
| 2024-06-01 | $365,900 (2.8%) | $434,342 (7.7%) | 0.83 | 650 |
| 2024-07-01 | $367,450 (1.4%) | $418,364 (1.6%) | 0.84 | 718 |
| 2024-08-01 | $374,500 (4.8%) | $422,019 (3.6%) | 0.87 | 757 |
| 2024-09-01 | $382,000 (7.0%) | $435,093 (6.7%) | 0.90 | 752 |
| 2024-10-01 | $389,000 (7.4%) | $436,002 (3.1%) | 0.92 | 751 |
| 2024-11-01 | $365,155 (-1.9%) | $437,970 (1.7%) | 0.88 | 654 |
| 2024-12-01 | $367,053 (-0.8%) | $443,439 (2.2%) | 0.91 | 637 |
| 2025-01-01 | $371,625 (0.4%) | $447,626 (2.1%) | 0.93 | 620 |
| 2025-02-01 | $372,800 (-0.6%) | $438,797 (-0.4%) | 0.90 | 629 |
| 2025-03-01 | $374,950 (1.6%) | $434,206 (0.8%) | 0.88 | 707 |
| 2025-04-01 | $379,000 (3.8%) | $438,178 (3.0%) | 0.88 | 740 |
LAS CRUCES's median listing price for 2025-04-01 was $379,000, a difference of
$14,000
(3.8%) versus the prior year and
$4,050 versus the prior month.
LAS CRUCES's median listing price comes in at 88% of the national average.
LAS CRUCES's average listing price for 2025-04-01 was $438,178, a difference of $12,625 (3.0%) versus the prior year and $3,972 versus the prior month.
For the 2025-04-01 period, LAS CRUCES had 740 MLS listings, a difference of 33 listings (5%) versus the prior month and 90 listings (14%) versus the prior year.
LAS CRUCES's median listing price comes in at 88% of the national average.
LAS CRUCES's average listing price for 2025-04-01 was $438,178, a difference of $12,625 (3.0%) versus the prior year and $3,972 versus the prior month.
For the 2025-04-01 period, LAS CRUCES had 740 MLS listings, a difference of 33 listings (5%) versus the prior month and 90 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - LAS CRUCES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 97 days | 1,947 sqft |
| 2018-02-01 | 94 days | 1,939 sqft |
| 2018-03-01 | 73 days | 1,929 sqft |
| 2018-04-01 | 68 days | 1,945 sqft |
| 2018-05-01 | 65 days | 1,961 sqft |
| 2018-06-01 | 64 days | 1,957 sqft |
| 2018-07-01 | 73 days | 1,946 sqft |
| 2018-08-01 | 72 days | 1,924 sqft |
| 2018-09-01 | 73 days | 1,920 sqft |
| 2018-10-01 | 75 days | 1,906 sqft |
| 2018-11-01 | 79 days | 1,923 sqft |
| 2018-12-01 | 89 days | 1,900 sqft |
| 2019-01-01 | 91 days | 1,926 sqft |
| 2019-02-01 | 81 days | 1,975 sqft |
| 2019-03-01 | 72 days | 1,962 sqft |
| 2019-04-01 | 66 days | 2,018 sqft |
| 2019-05-01 | 61 days | 1,993 sqft |
| 2019-06-01 | 64 days | 2,025 sqft |
| 2019-07-01 | 62 days | 2,053 sqft |
| 2019-08-01 | 64 days | 2,070 sqft |
| 2019-09-01 | 67 days | 2,061 sqft |
| 2019-10-01 | 70 days | 2,056 sqft |
| 2019-11-01 | 68 days | 2,027 sqft |
| 2019-12-01 | 78 days | 2,023 sqft |
| 2020-01-01 | 83 days | 1,966 sqft |
| 2020-02-01 | 80 days | 1,970 sqft |
| 2020-03-01 | 58 days | 2,009 sqft |
| 2020-04-01 | 57 days | 1,999 sqft |
| 2020-05-01 | 64 days | 1,975 sqft |
| 2020-06-01 | 66 days | 1,981 sqft |
| 2020-07-01 | 57 days | 2,000 sqft |
| 2020-08-01 | 53 days | 1,987 sqft |
| 2020-09-01 | 52 days | 1,968 sqft |
| 2020-10-01 | 47 days | 1,959 sqft |
| 2020-11-01 | 47 days | 1,961 sqft |
| 2020-12-01 | 55 days | 1,988 sqft |
| 2021-01-01 | 61 days | 2,020 sqft |
| 2021-02-01 | 45 days | 2,010 sqft |
| 2021-03-01 | 44 days | 2,002 sqft |
| 2021-04-01 | 43 days | 1,999 sqft |
| 2021-05-01 | 44 days | 2,000 sqft |
| 2021-06-01 | 48 days | 2,016 sqft |
| 2021-07-01 | 45 days | 2,047 sqft |
| 2021-08-01 | 42 days | 2,004 sqft |
| 2021-09-01 | 51 days | 1,944 sqft |
| 2021-10-01 | 57 days | 2,000 sqft |
| 2021-11-01 | 55 days | 1,965 sqft |
| 2021-12-01 | 57 days | 2,007 sqft |
| 2022-01-01 | 56 days | 2,122 sqft |
| 2022-02-01 | 48 days | 2,137 sqft |
| 2022-03-01 | 47 days | 2,046 sqft |
| 2022-04-01 | 45 days | 2,041 sqft |
| 2022-05-01 | 45 days | 2,046 sqft |
| 2022-06-01 | 44 days | 2,080 sqft |
| 2022-07-01 | 45 days | 2,062 sqft |
| 2022-08-01 | 47 days | 2,057 sqft |
| 2022-09-01 | 58 days | 2,104 sqft |
| 2022-10-01 | 60 days | 2,029 sqft |
| 2022-11-01 | 51 days | 2,029 sqft |
| 2022-12-01 | 58 days | 2,024 sqft |
| 2023-01-01 | 72 days | 2,021 sqft |
| 2023-02-01 | 90 days | 1,985 sqft |
| 2023-03-01 | 75 days | 1,945 sqft |
| 2023-04-01 | 53 days | 1,959 sqft |
| 2023-05-01 | 58 days | 1,973 sqft |
| 2023-06-01 | 59 days | 1,985 sqft |
| 2023-07-01 | 59 days | 2,051 sqft |
| 2023-08-01 | 58 days | 2,012 sqft |
| 2023-09-01 | 72 days | 1,999 sqft |
| 2023-10-01 | 82 days | 2,055 sqft |
| 2023-11-01 | 74 days | 2,112 sqft |
| 2023-12-01 | 86 days | 2,097 sqft |
| 2024-01-01 | 85 days | 2,108 sqft |
| 2024-02-01 | 65 days | 2,136 sqft |
| 2024-03-01 | 54 days | 2,050 sqft |
| 2024-04-01 | 58 days | 2,023 sqft |
| 2024-05-01 | 61 days | 2,000 sqft |
| 2024-06-01 | 64 days | 2,011 sqft |
| 2024-07-01 | 52 days | 2,024 sqft |
| 2024-08-01 | 54 days | 2,050 sqft |
| 2024-09-01 | 62 days | 2,050 sqft |
| 2024-10-01 | 82 days | 2,050 sqft |
| 2024-11-01 | 73 days | 1,984 sqft |
| 2024-12-01 | 80 days | 1,997 sqft |
| 2025-01-01 | 90 days | 2,003 sqft |
| 2025-02-01 | 88 days | 2,009 sqft |
| 2025-03-01 | 92 days | 2,050 sqft |
| 2025-04-01 | 72 days | 2,063 sqft |
LAS CRUCES's median listing age (time on market) for 2025-04-01 was 72 days.
This
is 25%
longer
than the same period one year ago.
LAS CRUCES's median square footage for active listings during the 2025-04-01 period was 2,063 sqft. One year prior, the average listing was 2,023 sqft.
LAS CRUCES's median square footage for active listings during the 2025-04-01 period was 2,063 sqft. One year prior, the average listing was 2,023 sqft.
LAS CRUCES, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,572 | $642,830,000 | $249,934 |
| Cash Out Refi | 573 | $110,535,000 | $192,906 |
| Refi | 300 | $97,490,000 | $324,967 |
| Other | 239 | $22,095,000 | $92,448 |
| Home Improvement | 153 | $11,885,000 | $77,680 |
| NA | 3 | $615,000 | $205,000 |
Las Cruces's most frequently cited loan purpose was Home Purchase, with 2,572 originations. The 2nd most popular reason was Cash Out Refi, with 573 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,510 | $414,090,000 | $274,232 |
| Over 8% | 702 | $61,910,000 | $88,191 |
| 5-6% | 684 | $192,020,000 | $280,731 |
| 7-8% | 598 | $135,350,000 | $226,338 |
| <2.5% | 140 | $2,050,000 | $14,643 |
| 4-5% | 105 | $33,905,000 | $322,905 |
| 3-4% | 14 | $3,490,000 | $249,286 |
| 2.5-3% | 3 | $825,000 | $275,000 |
During 2024, Las Cruces's most frequently originated rate bucket was 6-7%, with 1,510 originations.
Loan Sizing (LAS CRUCES, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,797 | $509,465,000 | $283,509 |
| $100,000 or less | 942 | $38,360,000 | $40,722 |
| $100k-200k | 754 | $115,350,000 | $152,984 |
| $400k-600k | 280 | $131,350,000 | $469,107 |
| $600k-1000k | 58 | $41,550,000 | $716,379 |
| $Over $1MM | 9 | $49,375,000 | $5,486,111 |
LAS CRUCES's loan sizing saw the bucket of loans from $200k-400k with 1,797 originations, totaling $509,465,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,695 | $491,905,000 | $290,209 |
| 60-80% | 656 | $172,090,000 | $262,332 |
| Under 20% | 646 | $19,020,000 | $29,443 |
| 20-40% | 308 | $32,860,000 | $106,688 |
| 40-60% | 285 | $57,845,000 | $202,965 |
| Over 100% | 95 | $48,305,000 | $508,474 |
LAS CRUCES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,695 originations, totaling $491,905,000 in origination value.