Market Conditions Report

Rio Rancho, NM 87144

Single-Family Homes

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Rio Rancho, NM 87144

Fri Oct 30 2020
This week the median list price for Rio Rancho, NM 87144 is $338,442 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 124. Click here to stay informed with the Rio Rancho market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Rio Rancho, NM 87144

Fri Oct 30 2020
This week the median list price for Rio Rancho, NM 87144 is $338,442 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 124. Click here to stay informed with the Rio Rancho market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $338,442
Per Square Foot $155
Days on Market 55
Price Decreased 29%
Price Increased 20%
Relisted 6%
Inventory 124
Median Rent $1,350
Most Expensive $1,699,900
Least Expensive $138,900
Market Action 56
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$519,900 3,043 0.5 - 1 acre 4 3 15 5 3 87
$368,990 2,248 6,500 - 8,000 sqft 4 3 0 8 4 58
$299,900 1,948 4,500 - 6,500 sqft 3 2 0 7 5 48
$245,495 1,552 4,500 - 6,500 sqft 3 2 14 13 13 25