Is Las Vegas, NM 87701 a buyer’s or seller’s market?
Las Vegas is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Months of supply4Under 4 months = seller’s market
Sold above original list8%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market47Listing to accepted offer
Median price per sq ft$147▼ −4.6% vs. last year
Run the numbers for 87701
Nearby markets
Conchas Dam 88416Balanced $128 /sq ftIlfeld 87538Seller’s market $207 /sq ftMontezuma 87731Buyer’s market $438 /sq ftPecos 87552Buyer’s market $976 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology