Single-Family Homes
Thu Feb 13 2025
This week the median list price for Corrales, NM 87048 is $962,500 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 20.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Median List Price | $962,500 | |
Median Price of New Listings | $925,000 | |
Per Square Foot | $311 | |
Average Days on Market | 103 | |
Median Days on Market | 77 | |
Price Decreased | 55% | |
Price Increased | 0% | |
Relisted | 15% | |
Inventory | 20 | |
Median Rent | ||
Market Action | 42 | |
Slight Seller's Advantage |
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,830,000 | 4,700 | - | 4 | 5 | 12 | 0 | 2 | 84 |
$1,179,000 | 3,467 | 1 - 2.5 acres | 4 | 4 | 36 | 1 | 0 | 126 |
$925,000 | 3,039 | - | 4 | 3 | 21 | 2 | 1 | 56 |
$535,000 | 1,819 | 0.25 - 0.5 acre | 3 | 2 | 45 | 0 | 1 | 119 |