Market Conditions Report

Rio Rancho, NM 87144

Single-Family Homes

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Rio Rancho, NM 87144

Mon Sep 21 2020
This week the median list price for Rio Rancho, NM 87144 is $326,872 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 136. 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

Mon Sep 21 2020
This week the median list price for Rio Rancho, NM 87144 is $326,872 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 136. 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 $326,872
Per Square Foot $154
Days on Market 52
Price Decreased 19%
Price Increased 22%
Relisted 7%
Inventory 136
Median Rent
Most Expensive $1,420,000
Least Expensive $115,000
Market Action 54
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.

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
$458,600 2,980 0.5 - 1 acre 4 3 13 2 5 70
$353,500 2,278 6,500 - 8,000 sqft 4 3 1 1 4 61
$300,000 1,958 6,500 - 8,000 sqft 3 2 4 10 10 52
$250,107 1,576 4,500 - 6,500 sqft 3 2 8 8 9 22