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

Fri Dec 01 2023
This week the median list price for Rio Rancho, NM 87124 is $415,000 with the market action index hovering around 51. This is less than last month's market action index of 58. Inventory has increased to 95. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rio Rancho, NM 87124

Fri Dec 01 2023
This week the median list price for Rio Rancho, NM 87124 is $415,000 with the market action index hovering around 51. This is less than last month's market action index of 58. Inventory has increased to 95. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $415,000
Median Price of New Listings $365,000
Per Square Foot $202
Average Days on Market 54
Median Days on Market 35
Price Decreased 47%
Price Increased 8%
Relisted 4%
Inventory 95
Median Rent
Market Action 51
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$609,900 3,157 0.5 - 1 acre 4 3 16 3 2 42
$450,495 2,443 6,500 - 8,000 sqft 4 3 17 1 2 35
$381,045 1,884 8,000 - 10,000 sqft 3 2 28 4 4 31
$291,500 1,314 0.25 - 0.5 acre 3 2 37 3 2 21