Market Conditions Report

Rio Rancho, NM 87124

Single-Family Homes

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Rio Rancho, NM 87124

Tue May 18 2021
This week the median list price for Rio Rancho, NM 87124 is $379,500 with the market action index hovering around 95. This is less than last month's market action index of 97. Inventory has increased to 36. 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 has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Tue May 18 2021
This week the median list price for Rio Rancho, NM 87124 is $379,500 with the market action index hovering around 95. This is less than last month's market action index of 97. Inventory has increased to 36. 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 has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $379,500
Median Price of New Listings $349,000
Per Square Foot $165
Average Days on Market 39
Median Days on Market 7
Price Decreased 8%
Price Increased 14%
Relisted 3%
Inventory 36
Median Rent $795
Market Action 95
Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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
$499,000 2,732 0.5 - 1 acre 4 3 14 4 3 7
$425,000 2,706 0.25 - 0.5 acre 4 3 14 2 2 14
$339,900 2,150 6,500 - 8,000 sqft 3 2 11 4 1 7
$220,000 1,186 8,000 - 10,000 sqft 3 2 35 5 6 7