Real-Time Real Estate Market Report

Rio Rancho, NM

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Rio Rancho, NM

Wed Oct 04 2023
This week the median list price for Rio Rancho, NM is $430,000 with the market action index hovering around 56. This is less than last month's market action index of 59. Inventory has increased to 242. 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

Wed Oct 04 2023
This week the median list price for Rio Rancho, NM is $430,000 with the market action index hovering around 56. This is less than last month's market action index of 59. Inventory has increased to 242. 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 $430,000
Median Price of New Listings $356,479
Per Square Foot $217
Average Days on Market 50
Median Days on Market 35
Price Decreased 42%
Price Increased 15%
Relisted 7%
Inventory 242
Median Rent
Market Action 56
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
$599,997 2,638 0.5 - 1 acre 4 3 6 5 6 56
$460,000 2,155 6,500 - 8,000 sqft 4 3 3 7 10 42
$385,990 1,907 4,500 - 6,500 sqft 3 2 3 6 12 28
$319,900 1,462 4,500 - 6,500 sqft 3 2 26 18 15 21