Market Conditions Report

Rio Rancho, NM

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888



Rio Rancho, NM

Wed Sep 22 2021
This week the median list price for Rio Rancho, NM is $421,990 with the market action index hovering around 78. This is less than last month's market action index of 80. Inventory has decreased to 137. 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 Sep 22 2021
This week the median list price for Rio Rancho, NM is $421,990 with the market action index hovering around 78. This is less than last month's market action index of 80. Inventory has decreased to 137. 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 $421,990
Median Price of New Listings $332,710
Per Square Foot $193
Average Days on Market 46
Median Days on Market 28
Price Decreased 23%
Price Increased 25%
Relisted 8%
Inventory 137
Median Rent
Market Action 78
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.

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
$528,830 2,873 0.5 - 1 acre 4 3 1 4 5 52
$446,403 2,133 0.25 - 0.5 acre 3 3 0 8 4 31
$389,319 2,012 4,500 - 6,500 sqft 3 3 0 5 10 31
$285,000 1,610 4,500 - 6,500 sqft 3 2 17 24 23 0