Real-Time Real Estate Market Report

Rio Rancho, NM 87124

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Rio Rancho, NM 87124

Sat Feb 04 2023
This week the median list price for Rio Rancho, NM 87124 is $435,737 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has decreased to 64. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Rio Rancho, NM 87124

Sat Feb 04 2023
This week the median list price for Rio Rancho, NM 87124 is $435,737 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has decreased to 64. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $435,737
Median Price of New Listings $397,500
Per Square Foot $193
Average Days on Market 92
Median Days on Market 81
Price Decreased 47%
Price Increased 11%
Relisted 11%
Inventory 64
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$635,000 3,180 0.25 - 0.5 acre 4 3 7 1 2 105
$482,500 2,375 6,500 - 8,000 sqft 4 3 1 2 1 77
$395,495 1,934 6,500 - 8,000 sqft 3 2 13 3 1 91
$294,950 1,654 0.25 - 0.5 acre 3 2 40 2 5 63