87124 Home Values & Market Trends
There are 87 homes currently listed for 87124. 87124 real estate market trends show that home prices range from $189,999 to $1,170,000, and the median sales price in the 87124 zip code is $317,847.73. The total number of properties sold within the past twelve months is 907. In 87124, 23 properties are in foreclosure, 1 are bank owned properties,and 3 are headed for auction.
Housing Market Summary for 87124
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $379.9K | $315.1K | -17.07% |
| Median Sold Price | $323.9K | $315.1K | -2.73% |
| Homes For Sale | 83 | 90 | 8.43% |
| Homes Sold | 565 | 528 | -6.55% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 87124
Browse Homes in 87124
The median list price of a home in Rio Rancho, is $317,847.73. A total of 87 properties are for sale, and the percentage of properties for sale in the zip code is 87.00%. The total count of 87124 properties is 20,500.
- Pre-ForeclosurePre-foreclosure homes account for 0.09% of all residential properties in 87124 with rio rancho containing 33 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 87124; of that cities, the estimated home value for pre-foreclosure homes ranges from $534,000 in rio rancho to the lowest home value of $227,500 in rio rancho.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 87124 ranges from the highest value of $350,000 in rio rancho to the lowest value of $302,917 in rio rancho. Bank owned homes and properties account for 0.00% of properties in 87124. There is 1 cities within 87124; rio rancho containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsrio rancho has 6 auction properties, the highest number of properties going to auction in a single city in the state of 87124. Auction homes and other auction properties account for 0.01% of all properties in 87124. There is 1 cities within 87124; of that cities, the median estimated home value for homes going to auction ranges from $397,324 in rio rancho to the lowest value of $213,064 in rio rancho.
Compare Nearby Zip Codes
More Real Estate Resources for 87124
Guide for 87124
Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?
RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.
The Charleston real estate market has displayed notable fluctuations in property values, with trends for sales volume, square foot costs, and average sale price showing a general upward trajectory.