$318,941
$7,000 since July
This home's estimate is 5.1% lower than the average sale price ($336K) of 6 comparable homes.
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OFF MARKET
$318,941
3
bd•
2 ba
•
1,308
sq ft
118 Spring Rd NE, Rio Rancho, NM 87124
About this home
118 Spring Rd NE is a 1,308 square foot house on a 9,496 square foot lot with 3 bedrooms and 2 bathrooms. Based on Redfin's Rio Rancho data, we estimate the home's value is $318,941.
Single-familyProperty Type
1983Year Built
9,496 sq ftLot Size
$244Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
Earn from this home
Sell
$298,549
Est. take-home
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Rent
$1,748/mo
Redfin rental estimate
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Market trends in 87124, NM
Last updated July 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-List Price
98.7%
0.0% MoM
Median sale price
$370K
$11K MoM
Avg. days on market
41d
1 days MoM
Recently sold homes
247
16 MoM
New listings for sale
Provided by Redfin
Property details
Around this home
Maggie Cordova Elementary School
Public K-5 • Assigned • 1.8mi
Lincoln Middle School
Public 6-8 • Assigned • 0.2mi
Rio Rancho High School
Public 9-12 • Assigned • 1.0mi
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Sun exposure
In this area, properties receive around 11.8 hours in June and 7.1 hours in December, placing it above the U.S. average for solar exposure.
JuneDecember
Provided by Shadowmap
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