2 days on Rocket
#1088055, Laurie A Griffo, Listing office: Realty One of New Mexico
Las Vegas Housing Market Report June 2025•San Miguel County, New Mexico
Housing Prices in Las Vegas, NM
How much do homes in Las Vegas, NM cost?
Housing Market Conditions
Is Las Vegas, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Las Vegas is a Buyer's Market
Difference Since June 2024
At the same time last year, Las Vegas was a Seller's Market.
Insight
Las Vegas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$259,500$164/SqFt
+$55,500
+27.2%
Based on all homes sold in the last 12 months
Insight
Homes in Las Vegas have sold for 27.2% more than they did a year ago.
Summary: The median home sold price in Las Vegas was $259,500 in June 2025, up 27.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedrooms
| Beds | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $407.5K | $155K | -62.0% |
| 22 Bedrooms | $174.5K | $225K | +28.9% |
| 33 Bedrooms | $230K | $255K | +10.9% |
| 44 Bedrooms | $209K | $360K | +72.2% |
| 55+ Bedrooms | $291.7K | $585K | +100.5% |
Summary: Las Vegas housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -62.0%. The home price for 2 bedroom homes increased by +28.9%. The home price for 3 bedroom homes increased by +10.9%. The home price for 4 bedroom homes increased by +72.2%. The home price for 5 bedroom homes increased by +100.5%.
How does Las Vegas, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Las Vegas, NM
Housing supply in Las Vegas, NM
How many homes are available in Las Vegas, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 16Last MonthJun 2025 | ||
| 172 months agoMay 2025 | -5.9 % Change MoMMay – Jun |
Summary: The Las Vegas real estate market had 16 homes for sale in Jun 2025, a 5.9 % decrease compared to May 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthJun 2025 | ||
| 22 months agoMay 2025 | -50.0 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
| Beds | May 2025 | Jun 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 5 | 5 | 0.0% |
| 33 Bedrooms | 6 | 4 | -33.3% |
| 44 Bedrooms | 2 | 2 | 0.0% |
| 55+ Bedrooms | 3 | 4 | +33.3% |
Summary: Las Vegas housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +33.3%.
Asking Price vs. Sold Price
How much do homes in Las Vegas, NM cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Las Vegas, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Las Vegas in June 2025, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Las Vegas, NM
How long does it take to sell a home in Las Vegas, NM?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Las Vegas are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 1 homes were sold in Las Vegas; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 7 DaysThis YearJun 2025 | ||
| 64 Days1 year agoJun 2024 | -89.2 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in Las Vegas had an average listing age of 7 days in Jun 2025, down by 89.2% compared to the previous year.
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Newest Listings in Las Vegas, NM
What homes are available in Las Vegas, NM?
Nearby markets
Nearby markets aren't available for Las Vegas, NM
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MLS Disclaimers and Copyright
Based on information from Santa Fe MLS, and Southwest Multiple Listing Service for the period 07/01/2023 - 07/01/2025
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 3:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 3:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.