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RIO RANCHO, NM 87124

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The RIO RANCHO, NM real estate market (87124) currently shows 223 active listings, with 100 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has increased compared to last year, with 31 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 70 days on market compared to 51 days last year.

The median listing price has fallen 0.5% year-over-year, from $429,998 to $428,000.

Whether you are buying or selling in RIO RANCHO, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 57,239  ·  Density: 283.5/mi²  ·  Median household income: $72,986

Typical home value: $235,124  ·  Homeownership: 78.3%

Market Overview

Active Listings
223
⇧ 16.1% vs 192 last year
Pending
100
45% pending ratio
Median Price
$428,000
⇩ 0.5% vs $429,998 last year
Average Price
$486,416
⇧ 3.7% vs $469,272 last year
Days on Market
70
⇧ 37.3% vs 51 days last year

Price Per Square Foot

Median $/sqft
$214
⇧ 1.9% vs $210/sqft last year
Median Home Size
2,094 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 223 this year vs 192 last year
  • Days on market: 70 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $428,000 (-0.5% YoY)
  • Average: $486,416 (+3.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 29.4 miles — 957 listings ($487,919,929 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87124Rio Rancho, NM 871240.0 mi219$100,859,136$418,265$460,544
87114Albuquerque, NM 871148.2 mi146$73,427,780$400,000$502,930
87048Corrales, NM 8704810.3 mi35$42,372,225$975,000$1,210,635
87104Albuquerque, NM 8710413.5 mi46$27,575,896$492,500$599,476
87004Bernalillo, NM 8700414.3 mi31$16,955,078$460,000$546,938
87102Albuquerque, NM 8710215.6 mi66$20,695,092$280,000$313,562
87111Albuquerque, NM 8711118.3 mi125$85,522,750$450,000$684,182
87108Albuquerque, NM 8710818.5 mi71$21,880,141$280,250$308,171
87112Albuquerque, NM 8711219.7 mi94$33,845,546$337,450$360,059
87105Albuquerque, NM 8710520.1 mi84$34,239,576$362,500$407,614
87053San Ysidro, NM 8705321.5 mi0$0$169,000$169,000
87008Cedar Crest, NM 8700824.4 mi13$6,168,760$441,500$474,520
87047Sandia Park, NM 8704729.4 mi27$24,377,949$699,000$902,887

Frequently Asked Questions

How many homes are for sale in RIO RANCHO, NM 87124?

As of February 2026, there are 223 active listings in RIO RANCHO, NM (zip code 87124), compared to 192 the prior year.

What is the median home price in RIO RANCHO, NM 87124?

The median listing price in RIO RANCHO, NM 87124 is $428,000 as of February 2026, a 0.5% decrease from $429,998 the prior year.

How long do homes stay on the market in RIO RANCHO, NM?

Homes in RIO RANCHO, NM 87124 spend an average of 70 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in RIO RANCHO, NM 87124?

Based on current inventory and days-on-market data as of February 2026, RIO RANCHO, NM 87124 is currently a Buyer's Market. Inventory has increased compared to last year, with 31 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 70 days on market compared to 51 days last year.

How much can I save on real estate commission in RIO RANCHO, NM?

With SELL123.com's maximum 3% commission, sellers in RIO RANCHO, NM 87124 save an estimated $8,560 compared to a typical 5% commission on the median listing price of $428,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.