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

Wed Jan 15 2025
This week the median list price for Rio Rancho, NM 87124 is $475,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has decreased to 109. 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.

Slight Seller's Advantage

Market Narrative

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

Wed Jan 15 2025
This week the median list price for Rio Rancho, NM 87124 is $475,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has decreased to 109. 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.

Slight Seller's Advantage

Market Narrative

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 $475,000
Median Price of New Listings $489,900
Per Square Foot $214
Average Days on Market 84
Median Days on Market 63
Price Decreased 39%
Price Increased 17%
Relisted 6%
Inventory 109
Median Rent
Market Action 40
Slight Seller's Advantage

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.

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
$625,000 2,910 8,000 - 10,000 sqft 4 3 1 3 3 84
$510,000 2,100 6,500 - 8,000 sqft 4 2 1 4 0 70
$435,000 2,195 0.25 - 0.5 acre 4 3 18 1 3 91
$350,000 1,666 8,000 - 10,000 sqft 3 2 20 3 10 49