Market Conditions Report

Rio Rancho, NM

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Rio Rancho, NM

Tue Sep 27 2022
This week the median list price for Rio Rancho, NM is $430,692 with the market action index hovering around 57. This is less than last month's market action index of 60. Inventory has increased to 230. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Tue Sep 27 2022
This week the median list price for Rio Rancho, NM is $430,692 with the market action index hovering around 57. This is less than last month's market action index of 60. Inventory has increased to 230. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $430,692
Median Price of New Listings $368,950
Per Square Foot $202
Average Days on Market 61
Median Days on Market 32
Price Decreased 44%
Price Increased 10%
Relisted 6%
Inventory 230
Median Rent
Market Action 57
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$620,000 2,908 0.5 - 1 acre 4 3 12 5 4 35
$478,436 2,238 6,500 - 8,000 sqft 4 3 2 6 6 42
$387,315 2,024 6,500 - 8,000 sqft 3 2 16 8 5 35
$309,990 1,558 8,000 - 10,000 sqft 3 2 22 17 22 21