Real-Time Real Estate Market Report

Rio Rancho, NM 87124

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Rio Rancho, NM 87124

Tue Mar 28 2023
This week the median list price for Rio Rancho, NM 87124 is $480,995 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 42. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Rio Rancho, NM 87124

Tue Mar 28 2023
This week the median list price for Rio Rancho, NM 87124 is $480,995 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 42. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $480,995
Median Price of New Listings $474,950
Per Square Foot $205
Average Days on Market 86
Median Days on Market 32
Price Decreased 29%
Price Increased 14%
Relisted 10%
Inventory 42
Median Rent
Market Action 59
Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

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
$732,500 3,310 0.5 - 1 acre 4 4 5 2 1 31
$544,995 2,622 6,500 - 8,000 sqft 4 3 5 1 3 42
$460,000 2,275 6,500 - 8,000 sqft 4 3 15 3 1 56
$365,990 1,883 4,500 - 6,500 sqft 4 2 1 2 3 14