Real-Time Real Estate Market Report

Rio Rancho, NM 87144

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Rio Rancho, NM 87144

Sun Feb 25 2024
This week the median list price for Rio Rancho, NM 87144 is $459,995 with the market action index hovering around 43. This is an increase over last month's market action index of 42. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Rio Rancho, NM 87144

Sun Feb 25 2024
This week the median list price for Rio Rancho, NM 87144 is $459,995 with the market action index hovering around 43. This is an increase over last month's market action index of 42. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $459,995
Median Price of New Listings $450,000
Per Square Foot $219
Average Days on Market 77
Median Days on Market 63
Price Decreased 41%
Price Increased 11%
Relisted 9%
Inventory 109
Median Rent
Market Action 43
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$630,000 2,850 0.5 - 1 acre 4 3 4 2 4 70
$499,000 2,119 6,500 - 8,000 sqft 3 3 3 1 2 70
$410,000 2,017 6,500 - 8,000 sqft 3 2 4 1 4 70
$347,895 1,575 4,500 - 6,500 sqft 3 2 12 3 6 21