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

Thu Feb 13 2025
This week the median list price for Rio Rancho, NM 87124 is $479,450 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has decreased to 98. 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

Market Narrative

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

Thu Feb 13 2025
This week the median list price for Rio Rancho, NM 87124 is $479,450 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has decreased to 98. 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

Market Narrative

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 $479,450
Median Price of New Listings $376,000
Per Square Foot $221
Average Days on Market 78
Median Days on Market 56
Price Decreased 35%
Price Increased 15%
Relisted 7%
Inventory 98
Median Rent
Market Action 44
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
$672,500 3,102 8,000 - 10,000 sqft 4 3 1 2 2 56
$520,238 2,108 6,500 - 8,000 sqft 4 2.5 2 1 3 77
$430,000 2,216 6,500 - 8,000 sqft 3 3 19 4 7 84
$334,899 1,442 8,000 - 10,000 sqft 3 2 40 8 8 14