87124 Home Values & Market Trends
There are 1,141 homes currently listed for 87124. 87124 real estate market trends show that home prices range from $33,000 to $1,395,000, and the median sales price in the 87124 zip code is $379,535. The total number of properties sold within the past twelve months is 980. In 87124, 16 properties are in foreclosure, 6 are bank owned properties,and 10 are headed for auction.
Housing Market Summary for 87124
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $395K | $399K | 1.01% |
| Median Sold Price | $340.4K | $345.2K | 1.43% |
| Homes For Sale | 764 | 1,133 | 48.30% |
| Homes Sold | 432 | 385 | -10.88% |
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 $379,535. A total of 1,141 properties are for sale, and the percentage of properties for sale in the zip code is 1141.00%. The total count of 87124 properties is 1,563.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 87124 with $[pre-foreclosures-highest-count-region] containing 0 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 $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 87124 ranges from the highest value of $410,000 in rio rancho to the lowest value of $209,563 in rio rancho. Bank owned homes and properties account for 0.38% of properties in 87124. There is 1 cities within 87124; rio rancho containing 13 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsrio rancho has 15 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 0.64% 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 $780,000 in rio rancho to the lowest value of $300,301 in rio rancho.
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More Real Estate Resources for 87124
Guide for 87124
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
