The Island at Rio Rancho Housing Market Report April 2025•Sandoval County, New Mexico

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Housing Prices in The Island at Rio Rancho, NM

How much do homes in The Island at Rio Rancho, NM cost?

Housing Market Conditions

Is The Island at Rio Rancho, NM a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

The Island at Rio Rancho is a Seller's Market

Difference Since March 2025

Last month, The Island at Rio Rancho has remained a Seller's Market.

Insight

The Island at Rio Rancho is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$310,000$171/SqFt
+$5,000
+1.6%

Based on all homes sold in April 2025

Insight

Homes in The Island at Rio Rancho have sold for 1.6% more than they did a month ago.

Summary: The median home sold price in The Island at Rio Rancho was $310,000 in April 2025, up 1.6% from last month, and the median price per square foot was $171.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2025Apr 2025Change MoM
1--
N/A
2-$310K
N/A
3$305K-
N/A
4--
N/A
5--
N/A

Summary: The Island at Rio Rancho housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does The Island at 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.

The Island at Rio Rancho, NM

Housing supply in The Island at Rio Rancho, NM

How many homes are available in The Island at Rio Rancho, NM?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
5Last MonthApr 2025
42 months agoMar 2025
+25.0 %
Change MoMMar – Apr

Summary: The The Island at Rio Rancho real estate market had 5 homes for sale in Apr 2025, a 25.0 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthApr 2025
12 months agoMar 2025
0.0 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
223
+50.0%
322
0.0%
400
0.0%
500
0.0%

Summary: The Island at Rio Rancho housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in The Island at Rio Rancho, NM cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in The Island at Rio Rancho, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in The Island at Rio Rancho in April 2025, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.

Days on Market for The Island at Rio Rancho, NM

How long does it take to sell a home in The Island at Rio Rancho, NM?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in The Island at Rio Rancho are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 1 homes were sold in The Island at Rio Rancho; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
11 DaysLast MonthApr 2025
92 Days1 month agoMar 2025
-88.0 %
Change MoMMar – Apr

Summary: Homes in The Island at Rio Rancho had an average listing age of 11 days in Apr 2025, down by 88.0% compared to the previous month.

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Newest Listings in The Island at Rio Rancho, NM

What homes are available in The Island at Rio Rancho, NM?

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MLS Disclaimers and Copyright

Based on information from Southwest Multiple Listing Service, for the period 03/01/2025 - 05/01/2025

IDXThe 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: 5/25/2025, 5:20:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.