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

Thu Mar 28 2024
This week the median list price for Rio Rancho, NM 87124 is $469,945 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has decreased to 86. 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

Thu Mar 28 2024
This week the median list price for Rio Rancho, NM 87124 is $469,945 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has decreased to 86. 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 $469,945
Median Price of New Listings $468,447
Per Square Foot $229
Average Days on Market 68
Median Days on Market 56
Price Decreased 44%
Price Increased 19%
Relisted 7%
Inventory 86
Median Rent
Market Action 46
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.

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
$612,000 2,920 0.25 - 0.5 acre 4 4 1 5 2 70
$494,785 2,119 6,500 - 8,000 sqft 3 3 0 3 0 56
$450,000 1,955 6,500 - 8,000 sqft 3 3 1 6 1 38
$360,000 1,602 0.25 - 0.5 acre 3 2 24 4 4 31