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Rio Rancho, NM 87124 Real Estate & Property Data

Rio Rancho, NM 87124 Real Estate Market Trends

Last Updated: April 27, 2024

A total of 1,001 residential properties have been sold over the past 12 months in 87124. With a median sales price of $320,941 in 87124 and a total of 7 foreclosures in Rio Rancho, NM 87124. Discover market trends and get the granular level real estate data for Rio Rancho, NM 87124 to keep your pulse on the housing market. Curate compelling home reports for Rio Rancho, NM 87124 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Rio Rancho, NM 87124 Real Estate Market Trends

Get property data for any address in Rio Rancho, NM 87124 or the country:

Total Residential Properties 20,930

Total Commercial Properties 404

Avg. Home Age (Single Family Home) 31 Years

Avg. Square Feet (Single Family Home) 1,852

Total 2024 Residential Sales (year-to-date) 140

% of Homes Seriously Underwater (Q2 2024) 0.78%

Total 2023 Residential Sales 924

% of Equity Rich Homes (Q2 2024) 44.32%

Effective 2023 Property Tax 0.73%

Total Foreclosure Filings (year-to-date) 10

Rio Rancho, NM 87124 Real Estate Overview

There were 1,001 residential properties sold in the past year in Rio Rancho, NM 87124. The median home value in Rio Rancho, NM 87124 is $318,637. There are a total of 20,930 residential properties in the 87124.

Median Sales Price i

$320,941

(Feb 2024)

+5.9%

year-over-year

y-o-y

February '24 Feb '24 $320,941
January '24 Jan '24 $339,500
December '23 Dec '23 $325,600
November '23 Nov '23 $298,636
October '23 Oct '23 $305,250
September '23 Sep '23 $328,143
August '23 Aug '23 $334,961
July '23 Jul '23 $326,563
June '23 Jun '23 $325,000
May '23 May '23 $348,553
April '23 Apr '23 $344,670
March '23 Mar '23 $317,834

Median Down Payment i

$59,230

(Feb 2024)

-1.8%

year-over-year

y-o-y

February '24 Feb '24 $59,230
January '24 Jan '24 $54,875
December '23 Dec '23 $43,837
November '23 Nov '23 $49,375
October '23 Oct '23 $61,250
September '23 Sep '23 $67,500
August '23 Aug '23 $59,575
July '23 Jul '23 $55,500
June '23 Jun '23 $65,788
May '23 May '23 $62,938
April '23 Apr '23 $64,812
March '23 Mar '23 $58,950

Number of Homes Sold i

75

(Feb 2024)

+17.2%

year-over-year

y-o-y

February '24 Feb '24 75
January '24 Jan '24 65
December '23 Dec '23 71
November '23 Nov '23 82
October '23 Oct '23 81
September '23 Sep '23 75
August '23 Aug '23 87
July '23 Jul '23 80
June '23 Jun '23 94
May '23 May '23 85
April '23 Apr '23 61
March '23 Mar '23 81

Number of Purchase Loans i

69

(Feb 2024)

+25.5%

year-over-year

y-o-y

February '24 Feb '24 69
January '24 Jan '24 62
December '23 Dec '23 68
November '23 Nov '23 80
October '23 Oct '23 63
September '23 Sep '23 74
August '23 Aug '23 94
July '23 Jul '23 67
June '23 Jun '23 86
May '23 May '23 67
April '23 Apr '23 61
March '23 Mar '23 72

Number of REFI Loans i

51

(Feb 2024)

+64.5%

year-over-year

y-o-y

February '24 Feb '24 51
January '24 Jan '24 46
December '23 Dec '23 52
November '23 Nov '23 50
October '23 Oct '23 54
September '23 Sep '23 49
August '23 Aug '23 63
July '23 Jul '23 48
June '23 Jun '23 44
May '23 May '23 51
April '23 Apr '23 36
March '23 Mar '23 43

Number of HELOC Loans i

20

(Feb 2024)

+25%

year-over-year

y-o-y

February '24 Feb '24 20
January '24 Jan '24 18
December '23 Dec '23 12
November '23 Nov '23 16
October '23 Oct '23 22
September '23 Sep '23 25
August '23 Aug '23 33
July '23 Jul '23 21
June '23 Jun '23 18
May '23 May '23 25
April '23 Apr '23 13
March '23 Mar '23 13

Rio Rancho, NM 87124 Real Estate Market Overview

Last 30 days

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Rio Rancho, NM 87124 Foreclosure Activity

There were a total of 7 Rio Rancho, NM 87124 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

7

(Feb 2024)

+16.7%

year-over-year

y-o-y

February '24 Feb '24 7
January '24 Jan '24 3
December '23 Dec '23 7
November '23 Nov '23 5
October '23 Oct '23 4
September '23 Sep '23 5
August '23 Aug '23 12
July '23 Jul '23 8
June '23 Jun '23 9
May '23 May '23 5
April '23 Apr '23 3
March '23 Mar '23 8

Foreclosure Starts i

6

(Feb 2024)

+50%

year-over-year

y-o-y

February '24 Feb '24 6
January '24 Jan '24 1
December '23 Dec '23 6
November '23 Nov '23 3
October '23 Oct '23 4
September '23 Sep '23 4
August '23 Aug '23 8
July '23 Jul '23 6
June '23 Jun '23 7
May '23 May '23 4
April '23 Apr '23 2
March '23 Mar '23 5

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 1
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 1
May '23 May '23 1
April '23 Apr '23 1
March '23 Mar '23 1

Nearby Zip Codes

1. 87144

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