Updated May 2026 · Redfin · 3-month window
87701 Real Estate Market Update: Las Vegas, NM, May 2026
The latest housing-market numbers for ZIP code 87701 in Las Vegas, New Mexico, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $195K | ▼ -10.8% | ▼ -23.4% |
| Days on market | 30 | ▼ -60.7% | ▼ -13.2% |
| Homes for sale | 35 | ▲ +16.7% | ▲ +34.6% |
| Sale-to-list | 97.6% | ▼ -0.9% | ▲ +0.8% |
| Homes sold | 22 | ▲ +10.0% | ▲ +69.2% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 87701 numbers say
The 87701 ZIP in Las Vegas is cooling. The median sale price sits at $195,450, 23.4% below last year. Homes here move fast: a typical listing goes under contract in about 30 days, and sellers are getting 97.6% of list price.
Based on 22 recent sales, 87701 is currently an active market.
What this means if you sell in 87701
Use these figures to set expectations early. Lead a listing appointment with the median price and the 30-day pace, show the year-over-year direction, and frame 87701 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Las Vegas post →Frequently asked: the 87701 housing market
- What is the median home price in ZIP 87701 (Las Vegas, NM)?
- As of May 2026, the median sale price in ZIP 87701 is $195,450 (-23.4% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 87701 a buyer's or seller's market right now?
- ZIP 87701 is currently an active market, based on a 97.6% sale-to-list ratio, about 30 days on market for May 2026.
- How long do homes take to sell in ZIP 87701?
- A typical listing in 87701 goes under contract in about 30 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 87701 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.