Is Rio Rancho, NM 87124 a buyer’s or seller’s market?
Rio Rancho is a seller’s market. With about 2.5 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2.5Under 4 months = seller’s market
Sold above original list13.7%Share of sales, last 3 months
Median sale-to-list98.7%Sold price ÷ list price
Median days on market40Listing to accepted offer
Median price per sq ft$217▲ +4.6% vs. last year
Run the numbers for 87124
Nearby markets
Algodones 87001 — /sq ftBernalillo 87004Balanced $218 /sq ftCochiti Lake 87083Seller’s market $169 /sq ftCorrales 87048Balanced $319 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology