Updated July 2026Zillowmonthly
87124 Real Estate Market Update: Rio Rancho, NM, July 2026
The latest housing-market numbers for ZIP code 87124 in Rio Rancho, New Mexico, for July 2026: a $361K median sale price, straight from Zillow Research. ZIP-level figures are monthly figures, smoothed over three months by Zillow.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $361K | ▲ +2.4% | ▲ +6.6% |
| Days to pending | 37 | ▲ +2.8% | ▲ +5.7% |
| Homes for sale | 240 | ▲ +4.8% | ▲ +10.1% |
| Sale-to-list | 99.0% | ▲ +0.2% | ▼ -0.2% |
| New listings | 91 | ▲ +2.2% | ▲ +15.2% |
Figures from Zillow Research (monthly figures, smoothed over three months by Zillow). Verify against your MLS before posting. Not a valuation for a specific home.
What the 87124 numbers say
Prices in Rio Rancho's 87124 ZIP are still climbing. The median sale price reached $360,941, up 6.6% year over year. Pace is steady: a typical listing goes under contract in about 37 days, with sellers getting 99.0% of list price.
With 240 homes for sale and 91 new listings this month, 87124 is currently an active market.
What this means if you sell in 87124
Use these figures to set expectations early with each client. Lead a listing appointment with the $361K median price and the 37-day pace, show the year-over-year direction, and frame 87124 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 87124 market
We built LOKAL to pull 87124's numbers straight from Zillow Research, so an agent and a client read from the same source. For July 2026 we recorded a $361K median sale price, +6.6% year over year, a 99.0% sale-to-list ratio and a +2.4% month-over-month move with 240 homes for sale. That compares with roughly $339K a year earlier, in 2025. We refresh every ZIP monthly from Zillow Research, which only publishes a smoothed median once a ZIP has enough transactions, so the median stays reliable instead of noisy. Both sources have published ZIP-level series for years, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Zillow; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 87124 (population, median household income, owner-occupancy), see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
Turn these 87124 numbers into a finished post.
Open LOKAL with ZIP 87124 already loaded, not a nearby city. You'll get a carousel, story and square graphic carrying these exact figures, ready to export in seconds.
Build the 87124 post →Frequently asked: the 87124 housing market
- What is the median home price in ZIP 87124 (Rio Rancho, NM)?
- As of July 2026, the median sale price in ZIP 87124 is $360,941 (+6.6% year over year), per Zillow Research. Figures are monthly figures, smoothed over three months by Zillow for this ZIP code.
- Is ZIP 87124 a buyer's or seller's market right now?
- ZIP 87124 is currently an active market, based on a 99.0% sale-to-list ratio, about 37 days on market for July 2026.
- How long do homes take to sell in ZIP 87124?
- A typical listing in 87124 goes under contract in about 37 days as of July 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 87124 market data come from?
- All figures for 87124 come from Zillow Research: monthly figures, smoothed over three months by Zillow. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Zillow.
Get the 87124 update in your inbox every month. Free.
The same finished numbers as this page, refreshed monthly, plus a calendar feed so it comes to you. No card, unsubscribe in one click.
Data credited to its source on every update. LOKAL is independent.
More New Mexico markets
Nearby New Mexico ZIP codes
Embed this update on your site
Data from Zillow Research (ZIP-level market data, monthly figures, smoothed over three months by Zillow), not a valuation for a specific home.