Market Conditions Report

Corrales, NM 87048

Single-Family Homes

A Real-Time Look at the Real Estate Marketplace



Corrales, NM 87048

Tue Aug 09 2022
This week the median list price for Corrales, NM 87048 is $857,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 24. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Corrales, NM 87048

Tue Aug 09 2022
This week the median list price for Corrales, NM 87048 is $857,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 24. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Corrales market.
Median List Price $857,000
Median Price of New Listings $817,950
Per Square Foot $253
Average Days on Market 62
Median Days on Market 32
Price Decreased 33%
Price Increased 0%
Relisted 4%
Inventory 24
Median Rent
Market Action 48
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,293,000 4,749 1 - 2.5 acres 4 4 23 0 0 38
$998,400 3,474 1 - 2.5 acres 4 3 30 1 0 35
$799,950 3,649 1 - 2.5 acres 4 3.5 35 3 2 49
$514,500 2,324 1 - 2.5 acres 3 2 49 2 3 21