Real-Time Real Estate Market Report
Corrales, NM 87048
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Corrales, NM 87048
Sun Mar 16 2025
This week the median list price for Corrales, NM 87048 is $980,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $980,000 | |
| Median Price of New Listings | $697,500 | |
| Per Square Foot | $312 | |
| Average Days on Market | 73 | |
| Median Days on Market | 42 | |
| Price Decreased | 43% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 21 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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 |
|---|---|---|---|---|---|---|---|---|
| $2,100,000 | 5,005 | 1 - 2.5 acres | 4 | 4 | 22 | 0 | 0 | 42 |
| $1,180,000 | 3,563 | 1 - 2.5 acres | 4 | 4 | 21 | 0 | 0 | 161 |
| $950,000 | 3,245 | 1 - 2.5 acres | 4 | 4 | 26 | 1 | 0 | 77 |
| $790,500 | 2,070 | 0.5 - 1 acre | 3 | 2 | 27 | 1 | 3 | 14 |