Unshakable ZIP Data 87701 | Las Vegas, NM Housing Market
Las Vegas · San Miguel County · Las Vegas, NM metro · New Mexico · Data updated June 19, 2026
The median sale price in ZIP 87701, Las Vegas, New Mexico is $195,392 at $132 per square foot. 23 single-family homes sold in the latest period, up 74.2 percent from a year earlier. Homes sit a median of 30 days on market with 4.9 months of supply. Sellers are getting 97.6 percent of list price and 0.0 percent of homes sold above asking.
Balanced market.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $240,726 | |
| Average price per sq ft | $163 | |
| Median sale price | $195,392 | |
| Median sale price per sq ft | $132 | |
| Median home size | 1,475 sq ft | |
| Median new listing price | $292,450 | -8.6% |
| National size rank | 6,369 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 23 | +74.2% |
| Median days on market | 30 days | |
| Months of supply | 4.9 months | |
| New listings | 37 | +40.6% |
| Active listings | 60 | +45.8% |
| Pending sales | 25 | +33.4% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 97.6% | +0.8 pts |
| Share sold above list | 0.0% | -7.7 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$209,264
3-bedroom
$261,098
These figures describe the single-family market for Las Vegas, New Mexico ZIP 87701. They are market context, not a substitute for sold comps or a formal appraisal.