Real-Time Real Estate Market Report
Corrales, NM 87048
Single-Family Homes
Have the Market Insight Before You Buy or Sell
Corrales, NM 87048
Sat Feb 04 2023
This week the median list price for Corrales, NM 87048 is $988,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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
| Median List Price | $988,000 | |
| Median Price of New Listings | $766,000 | |
| Per Square Foot | $270 | |
| Average Days on Market | 113 | |
| Median Days on Market | 91 | |
| Price Decreased | 53% | |
| Price Increased | 13% | |
| Relisted | 7% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 42 | |
| Slight Seller's Advantage | ||
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.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,795,000 | 4,019 | 1 - 2.5 acres | 5 | 4 | 20 | 0 | 1 | 70 |
| $1,235,000 | 4,394 | 1 - 2.5 acres | 4 | 4 | 19 | 0 | 0 | 129 |
| $893,500 | 3,488 | 1 - 2.5 acres | 4 | 3 | 30 | 2 | 3 | 45 |
| $522,900 | 2,213 | 0.5 - 1 acre | 4 | 2 | 36 | 0 | 2 | 189 |