Rio Rancho, NM 87124 Housing Market
- Active listings105currently for sale
- Pending sales23under contract
- Median asking price$435,000current listings
- Listing age54 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)488a tracked sample, not a market total
- Median sold price$370,000last 6 months
- Middle half of sold prices$310k to $480k25th to 75th percentile
What the numbers say
As of September 14, 2026, Resideline is tracking 105 active listings and 23 pending sales in ZIP code 87124. That pending-to-active ratio of 0.22 points to a balanced market: buyers have room to compare options and negotiate.
The median asking price of current listings is $435,000, while the median of the 488 closed sales Resideline tracked over the last six months was $370,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 87124 for 54 days.
Frequently asked questions
What is the median home price in 87124?
The median closed sale price in Rio Rancho, NM 87124 was $370,000 over the last six months, based on 488 closed sales tracked by Resideline. The middle half of those sales ranged from $310,000 to $480,000.
Is 87124 a buyer's or seller's market?
Resideline is currently tracking 23 pending sales against 105 active listings in 87124, a pending-to-active ratio of 0.22. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 87124 currently looks like a balanced market.
Nearby ZIP code market data
- 87144 Rio Rancho, NM
- 87114 Albuquerque, NM
- 87120 Albuquerque, NM
- 87111 Albuquerque, NM
- 88101 Clovis, NM
- 87031 Los Lunas, NM