Market Conditions Report

Corrales, NM 87048

Single-Family Homes

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Corrales, NM 87048

Sun Mar 07 2021
This week the median list price for Corrales, NM 87048 is $836,500 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has held steady at or around 12. Click here to stay informed with the Corrales market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Corrales, NM 87048

Sun Mar 07 2021
This week the median list price for Corrales, NM 87048 is $836,500 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has held steady at or around 12. Click here to stay informed with the Corrales market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Corrales market.
Median List Price $836,500
Per Square Foot $227
Days on Market 77
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 12
Median Rent
Most Expensive $1,949,000
Least Expensive $419,000
Market Action 50
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,300,000 3,353 2.5 - 5 acres 4 4 7 0 0 147
$965,000 4,036 1 - 2.5 acres 4 5 18 1 0 35
$639,000 2,848 0.5 - 1 acre 4 3 27 2 0 0
$439,000 2,900 1 - 2.5 acres 4 3 27 0 0 77