Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Corrales, NM 87048

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. 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

Market Narrative

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.

Corrales, NM 87048

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. 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

Market Narrative

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.

Real-Time Market Profile

Never miss important changes in the Corrales market.
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.

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
$1,830,000 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