Market Conditions Report

Rio Rancho, NM 87144

Single-Family Homes

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Rio Rancho, NM 87144

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. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Rio Rancho, NM 87144

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. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Rio Rancho 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
Price Decreased 10%
Price Increased 27%
Relisted 1%
Inventory 73
Median Rent $1,375
Market Action 83
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.

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
$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