Is Rio Arriba County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Rio Arriba County was a Neutral Market.
Key Takeaway
Rio Arriba County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rio Arriba County, NM
How much do homes in Rio Arriba County, NM cost?
Median Sold Price
$330,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rio Arriba County have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Rio Arriba County was $330,000 in March 2024, down 5.7% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $150K | -60.0% |
| 2 Bedrooms | $225K | $271.5K | +20.7% |
| 3 Bedrooms | $340.5K | $339K | -0.4% |
| 4 Bedrooms | $468.5K | $454K | -3.1% |
| 5+ Bedrooms | $502K | $376K | -25.1% |
Summary: Rio Arriba County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 20.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 25.1%.
Median Sold Price Compared To Nearby Counties
| Sandoval County | $349.9K | $371.7K | +6.2% |
| Rio Arriba County | $350K | $330K | -5.7% |
Housing Supply in Rio Arriba County, NM
How many homes are available in Rio Arriba County, NM?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 47 | -11.3% |
Summary: The Rio Arriba County real estate market had 47 homes for sale in March 2024, a 11.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Rio Arriba County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rio Arriba County, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Rio Arriba County in March 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Rio Arriba County, NM
How long does it take to sell a home in Rio Arriba County, NM?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 97 Days | +52.3% |
Summary: Homes in Rio Arriba County had an average of 97 days on market in Mar 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Rio Arriba County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Rio Arriba County; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.