87701, NM Housing Market
The 87701 housing market is not very competitive. The median sale price of a home in 87701 was $255K last month, up 34.3% since last year. The median sale price per square foot in 87701 is $178, up 2.6% since last year.
87701 Housing Market Trends
In April 2025, 87701 home prices were up 34.3% compared to last year, selling for a median price of $255K. On average, homes in 87701 sell after 49 days on the market compared to 91 days last year. There were 13 homes sold in April this year, down from 19 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 Price4 beds2 baths2,598 sq ft1216 8th St, Las Vegas, NM 87701List Price—Sale to List—Days on Market77 days1216 8th St, Las Vegas, NM 87701
- Unknown Last Sold Price3 beds2 baths1,456 sq ft725 Union St, Las Vegas, NM 87701List Price—Sale to List—Days on Market49 days725 Union St, Las Vegas, NM 87701
- Unknown Last Sold Price—beds—baths—sq ftLots 18-22 Shea Ave, Las Vegas, NM 87701List Price—Sale to List—Days on Market317 daysLots 18-22 Shea Ave, Las Vegas, NM 87701
- Unknown Last Sold Price4 beds2 baths1,875 sq ft842 Sperry Dr, Las Vegas, NM 87701List Price—Sale to List—Days on Market39 days842 Sperry Dr, Las Vegas, NM 87701
- Unknown Last Sold Price4 beds2.5 baths2,240 sq ft4 Romeroville Frontage Rd, Las Vegas, NM 87701List Price—Sale to List—Days on Market80 days4 Romeroville Frontage Rd, Las Vegas, NM 87701
- Unknown Last Sold Price—beds—baths—sq ft1402 Tenth St, Las Vegas, NM 87701List Price—Sale to List—Days on Market520 days1402 Tenth St, Las Vegas, NM 87701
- Unknown Last Sold Price2 beds1 bath1,172 sq ft1011-1013 Union St, Las Vegas, NM 87701List Price—Sale to List—Days on Market32 days1011-1013 Union St, Las Vegas, NM 87701
- Unknown Last Sold Price2 beds1.5 baths1,595 sq ft705 Diane Ave, Las Vegas, NM 87701List Price—Sale to List—Days on Market36 days705 Diane Ave, Las Vegas, NM 87701
See all recently sold homes in 87701.
See listings
Schools in 87701
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Valley Elementary School Public • PreK-5 | 82 Students | 2 reviews |
7/10 Tony Serna Jr. Elementary School Public • 4 | 109 Students | 1 reviews |
6/10 Mike Sena Elementary School Public • K-5 | 40 Students | 1 reviews |
6/10 Sierra Vista Elementary School Public • 4-6 | 253 Students | 1 reviews |
5/10 Union Elementary School Public • 5 | 111 Students | 1 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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