Real-Time Real Estate Market Report
Rio Rancho, NM 87144
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Rio Rancho, NM 87144
Tue Mar 28 2023
This week the median list price for Rio Rancho, NM 87144 is $445,807 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 122.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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
| Median List Price | $445,807 | |
| Median Price of New Listings | $420,000 | |
| Per Square Foot | $212 | |
| Average Days on Market | 108 | |
| Median Days on Market | 63 | |
| Price Decreased | 33% | |
| Price Increased | 11% | |
| Relisted | 8% | |
| Inventory | 122 | |
| Median Rent | ||
| Market Action | 42 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $602,419 | 2,852 | 0.5 - 1 acre | 4 | 4 | 3 | 2 | 2 | 73 |
| $485,824 | 2,315 | 6,500 - 8,000 sqft | 3 | 3 | 1 | 4 | 3 | 66 |
| $420,000 | 1,943 | 4,500 - 6,500 sqft | 4 | 2.5 | 3 | 5 | 5 | 63 |
| $330,000 | 1,571 | 4,500 - 6,500 sqft | 3 | 2 | 1 | 8 | 7 | 35 |