Market Conditions Report

Rio Rancho, NM 87124

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Rio Rancho, NM 87124

Tue Sep 27 2022
This week the median list price for Rio Rancho, NM 87124 is $399,900 with the market action index hovering around 60. This is less than last month's market action index of 66. Inventory has held steady at or around 99. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Rio Rancho, NM 87124

Tue Sep 27 2022
This week the median list price for Rio Rancho, NM 87124 is $399,900 with the market action index hovering around 60. This is less than last month's market action index of 66. Inventory has held steady at or around 99. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $399,900
Median Price of New Listings $380,995
Per Square Foot $187
Average Days on Market 46
Median Days on Market 35
Price Decreased 48%
Price Increased 7%
Relisted 8%
Inventory 99
Median Rent
Market Action 60
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$624,950 3,371 0.5 - 1 acre 4 3 6 3 0 59
$455,000 2,305 8,000 - 10,000 sqft 4 3 15 5 1 35
$375,000 2,027 0.25 - 0.5 acre 3 2 25 3 3 35
$299,000 1,552 0.25 - 0.5 acre 3 2 36 7 8 21