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Rio Rancho Market Report

$216,953

AVERAGE PRICE OF 1,003 HOMES

$223,683

AVERAGE PRICE OF 6 DISTRESSED HOMES

$2,370,000

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$463,911

AVERAGE PRICE OF 138 NEWLY BUILT HOMES

$563,990

AVERAGE PRICE OF 11 HOMES WITH A POOL

$338,098

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $216,953
Avg Bedrooms 1.41 beds
Avg Bathrooms 1.06 baths

Average Price by Bedrooms

2 bedrooms $246,187
3 bedrooms $397,181
4 bedrooms $476,734
5 bedrooms $561,746
Rio Rancho Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 1,011 1,000 1,043 1,104 1,129
Average Price $218,319 $217,448 $217,447 $231,586 $236,003
Avg Price Change +0.40% +0.00% -6.50% -1.91% -2.41%
Median Price $104,004 $104,595 $111,957 $157,407 $174,437
Med Price Change -0.57% -7.04% -40.60% -10.82% -3.91%
Avg Bedrooms 1.42 beds 1.43 beds 1.46 beds 1.6 beds 1.61 beds
Avg Bathrooms 1.08 baths 1.08 baths 1.09 baths 1.2 baths 1.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cibola 6 $360,875 81 days
Rio Rancho 91 $346,405 83 days
V. Sue Cleveland 224 $276,022 111 days
Volcano Vista 4 $438,166 62 days
West Mesa 2 $19,897 151 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,003 $216,953 113 days
Distressed Homes 6 $223,683 68 days
Multi-Million Dollar Homes 3 $2,370,000 76 days
Newly Built Homes 138 $463,911 99 days
Homes with a Pool 11 $563,990 67 days
Reduced Price Homes 9 $338,098 98 days
RE/MAX Select | The ORTEGA Team
Ruben Ortega
8300 Carmel Ave NE, Suite 203
Albuquerque, NM 87122
505-459-8589

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