Real-Time Real Estate Market Report

Rio Rancho, NM

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Rio Rancho, NM

Thu Feb 29 2024
This week the median list price for Rio Rancho, NM is $463,497 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has decreased to 194. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Rio Rancho, NM

Thu Feb 29 2024
This week the median list price for Rio Rancho, NM is $463,497 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has decreased to 194. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $463,497
Median Price of New Listings $355,245
Per Square Foot $223
Average Days on Market 70
Median Days on Market 49
Price Decreased 37%
Price Increased 12%
Relisted 6%
Inventory 194
Median Rent
Market Action 45
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
$619,000 2,819 0.25 - 0.5 acre 4 3 3 5 7 49
$493,170 2,119 6,500 - 8,000 sqft 3 3 1 1 5 49
$421,425 1,915 6,500 - 8,000 sqft 3 2 4 5 7 49
$349,000 1,586 6,500 - 8,000 sqft 3 2 17 15 22 28