Corrales, NM 87048

Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell

Fri Jul 18 2025
This week the median list price for Corrales, NM 87048 is $895,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 30. Click here to stay informed with the Corrales market!

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Median List Price		$895,000
Median Price of New Listings		$1,750,000
Per Square Foot		$333
Average Days on Market		101
Median Days on Market		77
Price Decreased		67%
Price Increased		0%
Relisted		13%
Inventory		30
Median Rent
Market Action		35
Slight Seller's Advantage

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,750,000	4,446	1 - 2.5 acres	4	3.5	34	1	0	84
$995,000	2,900	1 - 2.5 acres	4	3.5	21	0	3	119
$847,250	2,933	1 - 2.5 acres	4	2.5	21	0	0	35
$745,000	2,106	1 - 2.5 acres	3	2	30	0	2	77

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,750,000	4,446	1 - 2.5 acres	4	3.5	34	1	0	84
$995,000	2,900	1 - 2.5 acres	4	3.5	21	0	3	119
$847,250	2,933	1 - 2.5 acres	4	2.5	21	0	0	35
$745,000	2,106	1 - 2.5 acres	3	2	30	0	2	77

Median Price	Top $1,750,000	Upper $995,000	Lower $847,250	Bottom $745,000
Sq. Ft.	4,446	2,900	2,933	2,106
Lot Size	1 - 2.5 acres	1 - 2.5 acres	1 - 2.5 acres	1 - 2.5 acres
Beds	4	4	4	3
Baths	3.5	3.5	2.5	2
Age	34	21	21	30
New	1	0	0	0
Absorbed	0	3	0	2
DOM	84	119	35	77

Real-Time Real Estate Market Report