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 Sep 21 2023
This week the median list price for Rio Rancho, NM is $439,000 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has increased to 247. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Rio Rancho, NM

Thu Sep 21 2023
This week the median list price for Rio Rancho, NM is $439,000 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has increased to 247. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rio Rancho market.
Median List Price $439,000
Median Price of New Listings $376,945
Per Square Foot $213
Average Days on Market 47
Median Days on Market 28
Price Decreased 40%
Price Increased 12%
Relisted 6%
Inventory 247
Median Rent
Market Action 58
Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, 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
$599,985 2,646 0.25 - 0.5 acre 4 3 5 8 7 42
$469,000 2,199 6,500 - 8,000 sqft 4 3 3 7 10 35
$392,672 1,909 4,500 - 6,500 sqft 4 2 1 9 8 21
$333,500 1,581 4,500 - 6,500 sqft 3 2 18 20 16 14