87701, NM Housing Market
The 87701 housing market is not very competitive. The median sale price of a home in 87701 was $245K last month, down 1.2% since last year. The median sale price per square foot in 87701 is $83, down 52.0% since last year.
87701 Housing Market Trends
In May 2025, 87701 home prices were down 1.2% compared to last year, selling for a median price of $245K. On average, homes in 87701 sell after 39 days on the market compared to 76 days last year. There were 14 homes sold in May this year, down from 22 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 87701 housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Multiple offers are rare.
- The average homes sell for about 4% below list price and go pending in around 76 days.
- Hot homescan sell for around list price and go pending in around 19 days.
View houses in 87701 that sold recently
Recently sold homes
- Unknown Last Sold Price—beds—baths—sq ftTBD Valencia St, Las Vegas, NM 87701List Price—Sale to List—Days on Market363 daysTBD Valencia St, Las Vegas, NM 87701
- Unknown Last Sold Price2 beds1.5 baths1,619 sq ft2037 7th St, Las Vegas, NM 87701List Price—Sale to List—Days on Market—2037 7th St, Las Vegas, NM 87701
- Unknown Last Sold Price2 beds2 baths1,350 sq ft1019 2nd St, Las Vegas, NM 87701List Price—Sale to List—Days on Market62 days1019 2nd St, Las Vegas, NM 87701
- Unknown Last Sold Price3 beds2 baths2,118 sq ft1024 Third St, Las Vegas, NM 87701List Price—Sale to List—Days on Market45 days1024 Third St, Las Vegas, NM 87701
- Unknown Last Sold Price2 beds2 baths1,561 sq ft6 Fountain Dr, Las Vegas, NM 87701List Price—Sale to List—Days on Market99 days6 Fountain Dr, Las Vegas, NM 87701
- Unknown Last Sold Price3 beds1 bath1,400 sq ft520 Christine Dr, Las Vegas, NM 87701List Price—Sale to List—Days on Market43 days520 Christine Dr, Las Vegas, NM 87701
- Unknown Last Sold Price—beds—baths—sq ft130 Lakeview Dr, Las Vegas, NM 87701List Price—Sale to List—Days on Market69 days130 Lakeview Dr, Las Vegas, NM 87701
- Unknown Last Sold Price—beds—baths—sq fto Apache Mesa Rd, Los Montoyas, NM 87701List Price—Sale to List—Days on Market108 dayso Apache Mesa Rd, Los Montoyas, NM 87701
See all recently sold homes in 87701.
See listings
Schools in 87701
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Los Ninos Elementary School Public • PreK-3 | 339 Students | 1 reviews |
4/10 Union Elementary School Public • 5 | 111 Students | 1 reviews |
3/10 Tony Serna Jr. Elementary School Public • 4 | 109 Students | 1 reviews |
3/10 Sierra Vista Elementary School Public • 4-6 | 253 Students | 1 reviews |
2/10 Don Cecilio Mtz Elementary School Public • 2-3 | 190 Students | 3 reviews |
Climate's impact on 87701 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 87701.
Flood Factor - Moderate
Flood Factor

Fire Factor - Severe
Fire Factor

Wind Factor - Minimal
Wind Factor

Heat Factor - Minor
Heat Factor

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