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 06 2025
This week the median list price for Rio Rancho, NM 87124 is $479,000 with the market action index hovering around 43. This is an increase over last month's market action index of 40. Inventory has decreased to 103. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Rio Rancho, NM 87124

Thu Feb 06 2025
This week the median list price for Rio Rancho, NM 87124 is $479,000 with the market action index hovering around 43. This is an increase over last month's market action index of 40. Inventory has decreased to 103. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $479,000
Median Price of New Listings $344,700
Per Square Foot $222
Average Days on Market 81
Median Days on Market 49
Price Decreased 34%
Price Increased 14%
Relisted 8%
Inventory 103
Median Rent
Market Action 43
Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

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
$670,000 3,035 8,000 - 10,000 sqft 4 3 1 2 4 49
$512,500 2,100 6,500 - 8,000 sqft 4 3 2 1 2 87
$430,000 2,201 6,500 - 8,000 sqft 3 3 19 2 8 94
$342,200 1,506 8,000 - 10,000 sqft 3 2 38 9 10 14