Market Conditions Report

Rio Rancho, NM 87124

Single-Family Homes

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Rio Rancho, NM 87124

Sun Aug 01 2021
This week the median list price for Rio Rancho, NM 87124 is $417,000 with the market action index hovering around 88. This is less than last month's market action index of 90. Inventory has increased to 44. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 87124

Sun Aug 01 2021
This week the median list price for Rio Rancho, NM 87124 is $417,000 with the market action index hovering around 88. This is less than last month's market action index of 90. Inventory has increased to 44. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $417,000
Median Price of New Listings $342,500
Per Square Foot $178
Average Days on Market 26
Median Days on Market 7
Price Decreased 11%
Price Increased 7%
Relisted 2%
Inventory 44
Median Rent $1,725
Market Action 88
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$522,000 2,873 0.5 - 1 acre 4 3 1 3 1 35
$450,000 2,374 0.25 - 0.5 acre 3 3 1 5 2 7
$350,000 2,306 8,000 - 10,000 sqft 3 3 16 7 8 0
$249,900 1,504 8,000 - 10,000 sqft 3 2 37 7 7 0