Market Conditions Report

Rio Rancho, NM

Single-Family Homes

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Rio Rancho, NM

Sat Nov 27 2021
This week the median list price for Rio Rancho, NM is $411,000 with the market action index hovering around 67. This is less than last month's market action index of 71. Inventory has increased to 128. 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

Sat Nov 27 2021
This week the median list price for Rio Rancho, NM is $411,000 with the market action index hovering around 67. This is less than last month's market action index of 71. Inventory has increased to 128. 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 $411,000
Median Price of New Listings $359,195
Per Square Foot $189
Average Days on Market 56
Median Days on Market 21
Price Decreased 28%
Price Increased 18%
Relisted 5%
Inventory 128
Median Rent
Market Action 67
Strong Seller's Market

The market appears to be 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
$575,000 3,033 0.5 - 1 acre 4 3 4 9 5 31
$449,745 2,391 0.25 - 0.5 acre 3 3 0 7 5 49
$375,000 1,915 4,500 - 6,500 sqft 3 2 0 2 7 35
$290,000 1,653 8,000 - 10,000 sqft 3 2 26 16 20 7