26 minutes on Rocket
$5,105 Closing Credit¹
#202501489, John Evan Sanderson, Listing Office: Simply Real Estate NM
Rio Rancho Housing Market Report March 2025•Sandoval County, New Mexico
Housing Prices in Rio Rancho, NM
How much do homes in Rio Rancho, NM cost?
Housing Market Conditions
Is Rio Rancho, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Rio Rancho is a Seller's Market
Difference Since March 2024
Since last year, Rio Rancho has remained a Seller's Market.
Insight
Rio Rancho is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$360,054$209/SqFt
+$7,502
+2.1%
Based on all homes sold in the last 12 months
Insight
Homes in Rio Rancho have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Rio Rancho was $360,054 in March 2025, up 2.1% from last year, and the median price per square foot was $209.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| Bernalillo | $369K | $400K | +8.4% |
| Albuquerque | $335.3K | $349.9K | +4.4% |
| Corrales | $687K | $715K | +4.1% |
| Rio Rancho | $352.5K | $360K | +2.1% |
| West Bernalillo | $485K | $452.5K | -6.7% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $142.5K | $142.5K | 0.0% |
| 22 Bedrooms | $240K | $255K | +6.3% |
| 33 Bedrooms | $330K | $344.8K | +4.5% |
| 44 Bedrooms | $419.5K | $426.1K | +1.6% |
| 55+ Bedrooms | $526K | $540K | +2.7% |
Summary: Rio Rancho housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.3%. The home price for 3 bedroom homes increased by +4.5%. The home price for 4 bedroom homes increased by +1.6%. The home price for 5 bedroom homes increased by +2.7%.
How does Rio Rancho, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Rio Rancho, NM
Housing supply in Rio Rancho, NM
How many homes are available in Rio Rancho, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 582Last MonthMar 2025 | ||
| 5822 months agoFeb 2025 | 0.0 % Change MoMFeb – Mar |
Summary: The Rio Rancho real estate market had 582 homes for sale in Mar 2025, the same as Feb 2025
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 145Last MonthMar 2025 | ||
| 1172 months agoFeb 2025 | +23.9 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 51 | 49 | -3.9% |
| 33 Bedrooms | 262 | 259 | -1.1% |
| 44 Bedrooms | 215 | 222 | +3.3% |
| 55+ Bedrooms | 53 | 51 | -3.8% |
Summary: Rio Rancho housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -3.9%. The inventory for 3 bedroom homes decreased by -1.1%. The inventory for 4 bedroom homes increased by +3.3%. The inventory for 5 bedroom homes decreased by -3.8%.
Asking Price vs. Sold Price
How much do homes in Rio Rancho, NM cost?
Over Asking Price11 Homes
At Asking Price50 Homes
Under Asking Price84 Homes
Insight
If you're buying a home in Rio Rancho, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 145 homes were sold or pending in Rio Rancho in March 2025, up by 23.9% month-over-month. Of the 145 sold homes, 58% were sold under asking, 34% were sold at asking, and and 8% were sold over asking.
Days on Market for Rio Rancho, NM
How long does it take to sell a home in Rio Rancho, NM?
Breakdown of Home Sale Times
Under 30 Days87 Homes
30 – 90 Days31 Homes
Over 90 Days27 Homes
Insight
Many homes in Rio Rancho are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 145 homes were sold in Rio Rancho; 60% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 46 DaysThis YearMar 2025 | ||
| 38 Days1 year agoMar 2024 | +21.8 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Rio Rancho had an average listing age of 46 days in Mar 2025, up by 21.8% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Rio Rancho, NM
What homes are available in Rio Rancho, NM?
Popular Cities with Homes for Sale in New Mexico
- Homes for sale in Albuquerque, NM
- Homes for sale in Anthony, NM
- Homes for sale in Belen, NM
- Homes for sale in Bernalillo, NM
- Homes for sale in Cerrillos, NM
- Homes for sale in Corrales, NM
- Homes for sale in Edgewood, NM
- Homes for sale in Espanola, NM
- Homes for sale in Los Lunas, NM
- Homes for sale in Moriarty, NM
- Homes for sale in Placitas, NM
- Homes for sale in Rio Rancho, NM
- Homes for sale in Sandia Park, NM
- Homes for sale in Santa Fe, NM
- Homes for sale in Tijeras, NM
MLS Disclaimers and Copyright
Based on information from Southwest Multiple Listing Service, and Santa Fe MLS for the period 04/01/2023 - 04/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 6:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 6:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.