Market Conditions Report

Rio Rancho, NM 87124

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Rio Rancho, NM 87124

Mon Jun 21 2021
This week the median list price for Rio Rancho, NM 87124 is $367,000 with the market action index hovering around 90. This is less than last month's market action index of 94. Inventory has decreased to 40. 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 87124

Mon Jun 21 2021
This week the median list price for Rio Rancho, NM 87124 is $367,000 with the market action index hovering around 90. This is less than last month's market action index of 94. Inventory has decreased to 40. 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 $367,000
Median Price of New Listings $286,250
Per Square Foot $160
Average Days on Market 38
Median Days on Market 7
Price Decreased 15%
Price Increased 5%
Relisted 3%
Inventory 40
Median Rent $795
Market Action 90
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$532,200 2,661 0.5 - 1 acre 4 3 2 2 1 17
$419,000 2,388 6,500 - 8,000 sqft 3 3 3 3 1 28
$324,995 2,213 6,500 - 8,000 sqft 4 3 24 3 3 7
$247,500 1,584 0.25 - 0.5 acre 3 2 38 8 3 0