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 Feb 29 2024
This week the median list price for Rio Rancho, NM 87124 is $475,000 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has decreased to 91. 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

Rio Rancho, NM 87124

Thu Feb 29 2024
This week the median list price for Rio Rancho, NM 87124 is $475,000 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has decreased to 91. 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

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $475,000
Median Price of New Listings $385,245
Per Square Foot $224
Average Days on Market 60
Median Days on Market 42
Price Decreased 32%
Price Increased 15%
Relisted 3%
Inventory 91
Median Rent
Market Action 47
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

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
$599,900 2,959 0.25 - 0.5 acre 4 4 1 3 2 45
$493,581 2,119 6,500 - 8,000 sqft 3 3 0 1 4 42
$447,995 1,920 6,500 - 8,000 sqft 3 2 1 3 6 49
$335,000 1,540 8,000 - 10,000 sqft 3 2 27 7 11 56