Mon Jun 21 2021
This week the median list price for Rio Rancho, NM 87144 is $422,500 with the market action index hovering around 83. This is less than last month's market action index of 87. Inventory has decreased to 73.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$422,500|
|Median Price of New Listings||$359,500|
|Per Square Foot||$180|
|Average Days on Market||36|
|Median Days on Market||14|
|Strong Seller's Market|
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$567,000||3,039||0.5 - 1 acre||4||3||13||4||2||28|
|$474,156||2,441||0.5 - 1 acre||4||3||1||5||5||24|
|$381,002||2,039||6,500 - 8,000 sqft||3||2||2||5||3||28|
|$275,000||1,761||4,500 - 6,500 sqft||3||2||15||10||10||0|