Old Las Vegas Corridor Housing Market Report May 2025•Santa Fe County, New Mexico

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Housing Prices in Old Las Vegas Corridor, NM

How much do homes in Old Las Vegas Corridor, NM cost?

Housing Market Conditions

Is Old Las Vegas Corridor, NM a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Old Las Vegas Corridor is a Seller's Market

Difference Since May 2024

At the same time last year, Old Las Vegas Corridor was a Buyer's Market.

Insight

Old Las Vegas Corridor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$940,000$361/SqFt
+$90,000
+10.6%

Based on all homes sold in the last 12 months

Insight

Homes in Old Las Vegas Corridor have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Old Las Vegas Corridor was $940,000 in May 2025, up 10.6% from last year, and the median price per square foot was $361.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1-$370K
N/A
2$530K$950K
+79.2%
3$850K$855K
+0.6%
4$933.5K$975K
+4.4%
5-$1.6M
N/A

Summary: Old Las Vegas Corridor housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +79.2%. The home price for 3 bedroom homes increased by +0.6%. The home price for 4 bedroom homes increased by +4.4%. The home price for 5 bedroom homes did not change.

How does Old Las Vegas Corridor, NM compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Old Las Vegas Corridor, NM

Housing supply in Old Las Vegas Corridor, NM

How many homes are available in Old Las Vegas Corridor, NM?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
15Last MonthMay 2025
132 months agoApr 2025
+15.4 %
Change MoMApr – May

Summary: The Old Las Vegas Corridor real estate market had 15 homes for sale in May 2025, a 15.4 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthMay 2025
02 months agoApr 2025
+100.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
122
0.0%
200
0.0%
334
+33.3%
478
+14.3%
511
0.0%

Summary: Old Las Vegas Corridor housing inventory by bedroom type for May 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 increased by +33.3%. The inventory for 4 bedroom homes increased by +14.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Old Las Vegas Corridor, NM cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Old Las Vegas Corridor, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Old Las Vegas Corridor in May 2025, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.

Days on Market for Old Las Vegas Corridor, NM

How long does it take to sell a home in Old Las Vegas Corridor, NM?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in Old Las Vegas Corridor are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 3 homes were sold in Old Las Vegas Corridor; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
38 DaysThis YearMay 2025
3 Days1 year agoMay 2024
+1177.8 %
Change YoYMay 2024 – May 2025

Summary: Homes in Old Las Vegas Corridor had an average listing age of 38 days in May 2025, up by 1177.8% compared to the previous year.

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Newest Listings in Old Las Vegas Corridor, NM

What homes are available in Old Las Vegas Corridor, NM?

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MLS Disclaimers and Copyright

Based on information from Santa Fe MLS, and Southwest Multiple Listing Service for the period 06/01/2023 - 06/01/2025

IDXThe 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: 6/27/2025, 10:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe 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: 6/27/2025, 10:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.