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

Sat Feb 04 2023
This week the median list price for Rio Rancho, NM 87144 is $430,102 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 146. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 87144

Sat Feb 04 2023
This week the median list price for Rio Rancho, NM 87144 is $430,102 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 146. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $430,102
Median Price of New Listings $379,000
Per Square Foot $210
Average Days on Market 103
Median Days on Market 63
Price Decreased 29%
Price Increased 6%
Relisted 6%
Inventory 146
Median Rent
Market Action 38
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
$601,439 2,954 0.5 - 1 acre 4 3 2 3 2 63
$474,995 2,311 6,500 - 8,000 sqft 3 3 1 2 3 143
$396,190 1,930 4,500 - 6,500 sqft 4 2.5 3 6 2 56
$329,990 1,564 4,500 - 6,500 sqft 3 2 4 6 5 28