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

Wed Apr 24 2024
This week the median list price for Rio Rancho, NM 87124 is $461,897 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 84. 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

Wed Apr 24 2024
This week the median list price for Rio Rancho, NM 87124 is $461,897 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 84. 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 $461,897
Median Price of New Listings $431,000
Per Square Foot $219
Average Days on Market 55
Median Days on Market 49
Price Decreased 32%
Price Increased 15%
Relisted 4%
Inventory 84
Median Rent
Market Action 48
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$619,900 3,256 0.25 - 0.5 acre 4 4 3 4 3 28
$490,835 2,119 6,500 - 8,000 sqft 3 3 0 1 3 84
$439,490 2,102 8,000 - 10,000 sqft 3 3 17 6 5 35
$319,900 1,457 0.25 - 0.5 acre 3 2 37 6 4 21