Market Conditions Report

Rio Rancho, NM

Single-Family Homes

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Rio Rancho, NM

Thu Jan 28 2021
This week the median list price for Rio Rancho, NM is $325,492 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has held steady at or around 134. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Rio Rancho, NM

Thu Jan 28 2021
This week the median list price for Rio Rancho, NM is $325,492 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has held steady at or around 134. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $325,492
Per Square Foot $154
Days on Market 53
Price Decreased 24%
Price Increased 19%
Relisted 6%
Inventory 134
Median Rent $1,525
Most Expensive $1,699,900
Least Expensive $150,000
Market Action 59
Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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
$452,522 2,908 0.25 - 0.5 acre 4 3 4 3 8 101
$359,000 2,356 6,500 - 8,000 sqft 3 3 3 5 7 57
$298,400 2,078 4,500 - 6,500 sqft 4 3 9 10 10 29
$255,450 1,571 4,500 - 6,500 sqft 3 2 15 13 13 26