Market Conditions Report

Rio Rancho, NM

Single-Family Homes

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Rio Rancho, NM

Tue May 18 2021
This week the median list price for Rio Rancho, NM is $388,645 with the market action index hovering around 91. This is less than last month's market action index of 92. Inventory has increased to 106. 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

Tue May 18 2021
This week the median list price for Rio Rancho, NM is $388,645 with the market action index hovering around 91. This is less than last month's market action index of 92. Inventory has increased to 106. 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 $388,645
Median Price of New Listings $379,000
Per Square Foot $179
Average Days on Market 37
Median Days on Market 14
Price Decreased 8%
Price Increased 28%
Relisted 1%
Inventory 106
Median Rent $795
Market Action 91
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
$529,749 3,005 0.5 - 1 acre 4 3 13 8 5 38
$423,342 2,320 8,000 - 10,000 sqft 3 3 1 9 6 21
$349,000 1,967 6,500 - 8,000 sqft 4 3 0 9 4 7
$275,000 1,607 6,500 - 8,000 sqft 3 2 16 13 11 7