What is the Average Home Price Rio Rancho NM?
According to the latest housing market statistics, the average home price Rio Rancho is $378,680 in December 2023 and the average home price in Rio Rancho is $388,431 for the trailing twelve months (TTM). Those interested in understanding how that compares to the historical average can easily find more data on this page backed by data from the Greater Albuquerque Association of Realtors SWMLS (MLS). Contact Myers & Myers Real Estate for additional guidance and advice on Rio Rancho housing market statistics
Average Home Price In Rio Rancho NM 2023
Looking at average home prices in Rio Rancho can be a great way to get an understanding of where the market is heading. This table allows you to get a monthly average home price as well as data on a year-to-date basis, giving you more insight into the Rio Rancho real estate market. With this information, you have information to make informed decisions on how the Rio Rancho housing market will evolve in the coming months. Whether it’s deciding whether to buy or sell or just understanding the average home price, the average home price offers a helpful overview that can help guide your future actions.
Month | Rio Rancho NM | % YOY Change | TTM | % YOY Change |
January | $350,657 | -.2 | $367,938 | +14.9 |
February | $380,099 | +5.4 | $369,162 | +13.9 |
March | $393,227 | +6.4 | $370,973 | +12.3 |
April | $382,627 | +5.1 | $372,438 | +11 |
May | $402,227 | +8.1 | $375,271 | +10.3 |
June | $399,828 | +10.6 | $379,153 | +10.1 |
July | $380,419 | +2.5 | $380,142 | +9.4 |
August | $405,663 | +7.0 | $382,797 | +8.4 |
September | $394,797 | +6.5 | $385,319 | +7.6 |
October | $386,956 | +3.6 | $386,409 | +6.5 |
November | $383,612 | +4.7 | $387,605 | +6.3 |
December | $378,680 | +3.5 | $388,431 | +5.7 |
Average Home Price In Rio Rancho NM 2022
Month | Rio Rancho NM | % YOY Change | TTM | % YOY Change |
January | $351,464 | +24.9 | $320,156 | |
February | $360,611 | +24.2 | $324,160 | |
March | $369,675 | +25.3 | $330,422 | |
April | $364,072 | +19.7 | $335,399 | |
May | $371,920 | +18.6 | $340,208 | |
June | $361,634 | +13.8 | $344,318 | |
July | $370,987 | +10.8 | $347,466 | |
August | $379,195 | +18.0 | $353,045 | |
September | $370,824 | +14.9 | $358,013 | |
October | $373,353 | +16.5 | $362,792 | |
November | $366,264 | +6.5 | $364,746 | |
December | $365,821 | +3.4 | $367,568 |
Are home prices dropping in Rio Rancho?
No, home prices are increasing in Rio Rancho New Mexico. The average home price in Rio Rancho is $378,680 in December 2023, this is an increase of 3.5% on a year-over-year basis.
Average Home Price in Rio Rancho NM by Year
Check out the table below with the average home price in Rio Rancho every year since 2000. According to the Southwest Multiple Listing System, the average home price in Rio Rancho NM has seen a steady increase since 2000 with a downturn during the 2008 housing crisis. However, the average home price has picked back up since then. If you’re interested in learning more about the average home price in Rio Rancho and what it could mean for your home purchase or sale, consider contacting Myers & Myers Real Estate, we can provide more informed advice based on this information.
Year | Rio Rancho NM | % YOY Change |
2022 | $367,674 | +16.5 |
2021 | $315,580 | +21.1 |
2020 | $260,659 | +9.2 |
2019 | $238,696 | +9.1 |
2018 | $218,848 | +4.9 |
2017 | $208,719 | +4.3 |
2016 | $196,841 | +7.8 |
2015 | $182,627 | +1.1 |
2014 | $180,661 | +1.3 |
2013 | $178,346 | -.9 |
2012 | $179,909 | +1.9 |
2011 | $176,587 | -5.4 |
2010 | $186,583 | -4.8 |
2009 | $196,003 | -2.4 |
2008 | $200,915 | -4.6 |
2007 | $210,545 | +2.6 |
2006 | $205,131 | +19.0 |
2005 | $172,432 | +21.8 |
2004 | $141,560 | +5.5 |
2003 | $134,178 | +6.2 |
2002 | $126,346 | +7.5 |
2001 | $117,539 | -1.7 |
2000 | $119,024 | +4.1 |
Data For Average Home Price in Rio Rancho NM Calculations
You may be wondering why our average home prices in Rio Rancho is different from other sources. Our data is from the Greater Albuquerque Association of Realtors and is for the “sold price” of homes. In contrast, many sources utilize the “list price” of homes to determine the average home price. No doubt, our data is more accurate using the “sold” home prices than listing home prices. Also, our data is for single-family “detached homes”. Thus, our data exclude townhomes, condos, and manufactured homes.
Our data do not include for sale by owner homes. In addition, some of the new construction homes are not included in the MLS data.
Furthermore, New Mexico is a nondisclosure state for the sales price of homes sold in New Mexico. In other words, it is very difficult for other sources to gather data on the sales price of a home in New Mexico. However, we have access to the sold prices through the Southwest Multiple Listing System (SWMLS).