By RYAN MAUPIN
REALTOR
RE/MAX First
Greetings, Los Alamos! The third quarter of 2025 is in the books, so it’s time for our latest real estate update for Los Alamos County.
Overall, this year’s market activity has been very similar to last year. From January – September 2025, we had 220 reported sales in Los Alamos County, compared with 221 reported sales during the same time period last year.
As with most of the country, we have seen home prices drop slightly this year. The 2025 average sales price has dropped from $624,512 in 2024 to $597,783 from January – September 2025. Similarly, the median home price has dropped from $610,000 in 2024 to $580,000 from January – September 2025.
One interesting note is that the high end of the market has picked up in 2025. There have already been eight reported sales over $1 million in 2025, compared to just four in all of 2024.
Our inventory has been the biggest story in our market this year. In recent years, it was fairly common to have only 10-15 properties on the market at any given time. This year, we have frequently seen 50-70 properties on the market. (There are 59 active listings in Los Alamos County as I’m writing this.)
As a result of increasing inventory, the average number of Days on Market for a listing to sell in 2025 is now 36.7 days, with a median of 14 days. In 2024, the average Days on Market for a listing to sell was 18.1 days, with a median of 7 days. So, it is taking twice as long to sell a house in 2025 as it did in 2024.
We’ve also seen an increase in the number of properties that haven’t been able to sell. In 2025, there have been 38 listings that either terminated or expired, compared to 26 for all of 2024. For perspective, that means that roughly 1 in 7 listings has been unable to sell.
So, what is selling? Homes between $479,000 – $662,500 constitute the middle third of the market, and this has been the sweet spot for attracting buyers. Buyers have been looking for move-in ready homes with updated kitchens and bathrooms, as well as fully-fenced yards for their dogs. As a fun fact, “nearly half (49%) of Americans said they got a new dog during the pandemic”, according to Rover.com.
Mortgage interest rates have started to fall, and last week’s national average mortgage rate for a 30 year fixed mortgage was 6.19%. This has brought some welcome relief from the 7% interest rates that have lingered for much of the past two years. The industry expects rates to fall a bit more, but I do not expect interest rates to fall significantly below the 6% level.
For additional insights into the local housing market, or for a personalized, no-cost, no-obligation consultation for buying or selling your property, I can be reached at 505.412.3125 or ryan@maupin.group. As we look forward to the holidays, now is a great time to prepare for your 2026 move!
About The Maupin Group:
The Maupin Group operates out of RE/MAX First (505.662.6789). Founded by Ryan Maupin, our mission is to help our clients achieve their real estate goals by providing efficient, high-quality service. We are positive, aligned, committed, knowledgeable, disciplined, accountable, and results-oriented as we define the standard of excellence in the industry.