87124, NM Housing Market

The 87124 housing market is somewhat competitive. The median sale price of a home in 87124 was $349K last month, down 3.2% since last year. The median sale price per square foot in 87124 is $211, up 5.2% since last year.

Trends
Demand
Schools
Climate

87124 Housing Market Trends

What is the housing market like in 87124 today?

$349K

Sale Price

-3.2%
since last year

$211

Sale $/Sq. Ft.

+5.2%
since last year

Under List Price

1.2%

Days on Market

Down Payment

26.8%

Total Homes Sold

To compare other locations to the 87124 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Mexico add value to a home.

How hot is the 87124 housing market?

87124 is somewhat competitive. Homes sell in 38 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 38 days.
Hot homes
can sell for around list price and go pending in around 16 days.

Compare With Nearby Zip codes

87111

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 26 days.
Hot homes
can sell for about 1% above list price and go pending in around 9 days.

87144

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 38 days.
Hot homes
can sell for around list price and go pending in around 19 days.

See more nearby cities and neighborhoods

View houses in 87124 that sold recently

Recently sold homes

SOLD NOV 25, 2024
$6,500
—beds
—baths
—sq ft
List Price
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Sale to List
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Days on Market
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Property in NM
SOLD NOV 21, 2024
$28,000
—beds
—baths
—sq ft
List Price
—
Sale to List
—
Days on Market
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Property in Rio Rancho, NM 87124
SOLD NOV 14, 2024
$7,000
—beds
—baths
—sq ft
List Price
—
Sale to List
—
Days on Market
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Property in NM
SOLD NOV 13, 2024
$220,000
3 beds
2 baths
1,574 sq ft
1740 Arlene Rd SE, Rio Rancho, NM 87124
List Price
—
Sale to List
—
Days on Market
—
1740 Arlene Rd SE, Rio Rancho, NM 87124
SOLD OCT 25, 2024
$216,759
3 beds
2 baths
1,782 sq ft
684 Lakeview Cir SE, Rio Rancho, NM 87124
List Price
—
Sale to List
—
Days on Market
—
684 Lakeview Cir SE, Rio Rancho, NM 87124
SOLD SEP 20, 2024
$195,000
—beds
—baths
—sq ft
1600 Southern Blvd SE, Rio Rancho, NM 87124
List Price
—
Sale to List
—
Days on Market
—
1600 Southern Blvd SE, Rio Rancho, NM 87124
SOLD SEP 17, 2024
$441,000
—beds
—baths
—sq ft
1558 Stephanie Rd SE #104, Rio Rancho, NM 87124
List Price
—
Sale to List
—
Days on Market
—
1558 Stephanie Rd SE #104, Rio Rancho, NM 87124
SOLD SEP 11, 2024
$45,000
—beds
—baths
—sq ft
List Price
—
Sale to List
—
Days on Market
—
Property in NM
See all recently sold homes in 87124.
See listings

Schools in 87124

Learn about schools in the 87124 area

Elementary
Middle
High

GreatSchools Rating

7/10 Colinas Del Norte Elementary School Public • K-5	632 Students	2 reviews
7/10 Martin King Junior Elementary School Public • K-5	666 Students	6 reviews
6/10 Rio Rancho Elementary School Public • K-5	565 Students	15 reviews
6/10 Ernest Stapleton Elementary School Public • K-5	753 Students	10 reviews
5/10 Puesta Del Sol Elementary School Public • K-5	669 Students	8 reviews

Only showing 5 of 7 elementary schools.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on 87124 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 87124.

Heat Factor - Moderate

80% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 87124

New Listings in 87124

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