Market Conditions Report

Rio Rancho, NM 87144

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Rio Rancho, NM 87144

Tue Sep 27 2022
This week the median list price for Rio Rancho, NM 87144 is $448,490 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has increased to 131. 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

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

Tue Sep 27 2022
This week the median list price for Rio Rancho, NM 87144 is $448,490 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has increased to 131. 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

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 $448,490
Median Price of New Listings $346,695
Per Square Foot $211
Average Days on Market 73
Median Days on Market 28
Price Decreased 40%
Price Increased 13%
Relisted 5%
Inventory 131
Median Rent
Market Action 54
Strong Seller's Market

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
$620,000 2,853 0.5 - 1 acre 4 3 13 2 4 28
$492,278 2,221 6,500 - 8,000 sqft 4 3 0 2 4 42
$407,544 2,019 4,500 - 6,500 sqft 4 2 4 4 4 35
$310,000 1,552 4,500 - 6,500 sqft 3 2 15 10 13 28