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

Sun Dec 22 2024
This week the median list price for Rio Rancho, NM 87144 is $432,995 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 191. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rio Rancho, NM 87144

Sun Dec 22 2024
This week the median list price for Rio Rancho, NM 87144 is $432,995 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 191. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $432,995
Median Price of New Listings $380,000
Per Square Foot $217
Average Days on Market 91
Median Days on Market 56
Price Decreased 38%
Price Increased 15%
Relisted 8%
Inventory 191
Median Rent
Market Action 39
Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$605,490 2,787 0.5 - 1 acre 4 3 3 0 9 84
$464,945 2,094 4,500 - 6,500 sqft 4 3 0 4 5 49
$409,495 1,921 4,500 - 6,500 sqft 4 2.3 2 3 3 66
$350,000 1,551 4,500 - 6,500 sqft 3 2 18 6 9 45