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

Mon Jun 05 2023
This week the median list price for Rio Rancho, NM 87124 is $490,405 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has decreased to 53. 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

Mon Jun 05 2023
This week the median list price for Rio Rancho, NM 87124 is $490,405 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has decreased to 53. 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 $490,405
Median Price of New Listings $350,000
Per Square Foot $208
Average Days on Market 37
Median Days on Market 21
Price Decreased 23%
Price Increased 13%
Relisted 4%
Inventory 53
Median Rent
Market Action 66
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$625,000 3,435 8,000 - 10,000 sqft 4 4 9 2 2 21
$529,000 2,630 0.25 - 0.5 acre 4 3 14 1 1 28
$450,000 2,078 8,000 - 10,000 sqft 3 3 6 4 2 28
$325,000 1,513 8,000 - 10,000 sqft 3 2 38 8 5 7