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

Thu Sep 21 2023
This week the median list price for Rio Rancho, NM 87144 is $435,280 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has increased to 169. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Rio Rancho, NM 87144

Thu Sep 21 2023
This week the median list price for Rio Rancho, NM 87144 is $435,280 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has increased to 169. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $435,280
Median Price of New Listings $376,945
Per Square Foot $214
Average Days on Market 48
Median Days on Market 21
Price Decreased 38%
Price Increased 12%
Relisted 7%
Inventory 169
Median Rent
Market Action 56
Strong Seller's Market

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
$597,250 2,609 0.25 - 0.5 acre 4 3 5 7 5 45
$465,000 2,155 6,500 - 8,000 sqft 3 3 3 6 7 28
$391,490 1,907 4,500 - 6,500 sqft 3 2 1 4 2 21
$339,900 1,629 4,500 - 6,500 sqft 3 2 16 15 12 14