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Rio Rancho Market Report

$239,187

AVERAGE PRICE OF 1,141 HOMES

$325,485

AVERAGE PRICE OF 7 DISTRESSED HOMES

$2,009,571

AVERAGE PRICE OF 7 MULTI-MILLION DOLLAR HOMES

$451,811

AVERAGE PRICE OF 176 NEWLY BUILT HOMES

$510,629

AVERAGE PRICE OF 17 HOMES WITH A POOL

$444,342

AVERAGE PRICE OF 28 REDUCED PRICE HOMES

Average Home

Average Price $239,187
Avg Bedrooms 1.58 beds
Avg Bathrooms 1.16 baths

Average Price by Bedrooms

1 bedroom $140,000
2 bedrooms $262,307
3 bedrooms $393,867
4 bedrooms $461,543
5 bedrooms $550,865
Rio Rancho Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 1,116 1,086 1,060 1,026 1,023
Average Price $240,192 $232,369 $235,949 $234,168 $225,312
Avg Price Change +3.37% -1.54% +0.76% +3.93% +4.87%
Median Price $154,950 $127,625 $138,033 $127,485 $106,466
Med Price Change +21.41% -8.16% +8.27% +19.74% +13.54%
Avg Bedrooms 1.57 beds 1.5 beds 1.54 beds 1.54 beds 1.47 beds
Avg Bathrooms 1.16 baths 1.11 baths 1.14 baths 1.14 baths 1.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cibola 13 $397,619 102 days
Rio Rancho 136 $358,969 84 days
V. Sue Cleveland 254 $327,600 116 days
Volcano Vista 3 $398,975 198 days
West Mesa 2 $19,897 334 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,141 $239,187 143 days
Distressed Homes 7 $325,485 30 days
Multi-Million Dollar Homes 7 $2,009,571 129 days
Newly Built Homes 176 $451,811 84 days
Homes with a Pool 17 $510,629 53 days
Reduced Price Homes 28 $444,342 48 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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