Market Conditions Report
Rio Rancho, NM 87144
Single-Family Homes
A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888
Rio Rancho, NM 87144
Tue May 18 2021
This week the median list price for Rio Rancho, NM 87144 is $396,297 with the market action index hovering around 86. This is about the same as last month's market action index of 86. Inventory has increased to 70.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $396,297 | |
| Median Price of New Listings | $386,195 | |
| Per Square Foot | $183 | |
| Average Days on Market | 35 | |
| Median Days on Market | 14 | |
| Price Decreased | 9% | |
| Price Increased | 36% | |
| Relisted | 0% | |
| Inventory | 70 | |
| Median Rent | ||
| Market Action | 86 | |
| Strong Seller's Market | ||
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $539,500 | 3,012 | 0.5 - 1 acre | 4 | 3 | 14 | 7 | 3 | 21 |
| $417,840 | 2,133 | 8,000 - 10,000 sqft | 3 | 3 | 0 | 4 | 3 | 42 |
| $361,137 | 1,952 | 6,500 - 8,000 sqft | 4 | 3 | 0 | 5 | 2 | 14 |
| $291,000 | 1,713 | 4,500 - 6,500 sqft | 3 | 3 | 16 | 8 | 6 | 7 |