Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Corrales, NM 87048

Mon Dec 11 2023
This week the median list price for Corrales, NM 87048 is $922,616 with the market action index hovering around 33. This is less than last month's market action index of 38. Inventory has increased to 18. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Corrales, NM 87048

Mon Dec 11 2023
This week the median list price for Corrales, NM 87048 is $922,616 with the market action index hovering around 33. This is less than last month's market action index of 38. Inventory has increased to 18. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Never miss important changes in the Corrales market.
Median List Price $922,616
Median Price of New Listings $3,300,000
Per Square Foot $271
Average Days on Market 104
Median Days on Market 77
Price Decreased 44%
Price Increased 0%
Relisted 11%
Inventory 18
Median Rent
Market Action 33
Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$2,945,000 7,976 5 - 10 acres 4 5 24 1 0 115
$1,447,000 5,738 1 - 2.5 acres 5 6.5 31 0 0 154
$875,000 3,406 1 - 2.5 acres 4 3 22 0 1 63
$540,000 2,368 0.5 - 1 acre 3 2 29 0 0 63