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

Thu Feb 25 2021
This week the median list price for Rio Rancho, NM 87124 is $375,000 with the market action index hovering around 79. This is an increase over last month's market action index of 70. Inventory has held steady at or around 31. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Rio Rancho, NM 87124

Thu Feb 25 2021
This week the median list price for Rio Rancho, NM 87124 is $375,000 with the market action index hovering around 79. This is an increase over last month's market action index of 70. Inventory has held steady at or around 31. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $375,000
Per Square Foot $149
Days on Market 21
Price Decreased 19%
Price Increased 16%
Relisted 3%
Inventory 31
Median Rent $1,523
Most Expensive $585,777
Least Expensive $180,000
Market Action 79
Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$500,000 3,668 8,000 - 10,000 sqft 4 3 13 0 2 112
$430,372 2,682 0.25 - 0.5 acre 4 3 7 2 0 49
$343,890 1,999 6,500 - 8,000 sqft 3 3 10 2 4 28
$227,500 1,493 0.25 - 0.5 acre 3 2 39 5 7 0