Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Corrales, NM 87048

Tue May 28 2024
This week the median list price for Corrales, NM 87048 is $765,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 25. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Corrales, NM 87048

Tue May 28 2024
This week the median list price for Corrales, NM 87048 is $765,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 25. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Corrales market.
Median List Price $765,000
Median Price of New Listings $749,000
Per Square Foot $281
Average Days on Market 67
Median Days on Market 28
Price Decreased 44%
Price Increased 0%
Relisted 0%
Inventory 25
Median Rent
Market Action 38
Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$2,075,000 4,510 1 - 2.5 acres 3 3.5 32 0 1 133
$848,000 3,173 1 - 2.5 acres 3 3 30 1 0 17
$737,000 2,239 1 - 2.5 acres 3 2 36 1 0 21
$500,000 1,792 0.5 - 1 acre 3 2 44 1 1 35