Corrales, NM 87048

Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell

Thu Sep 04 2025
This week the median list price for Corrales, NM 87048 is $885,000 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has increased to 32. 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

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.

Median List Price		$885,000
Median Price of New Listings		$675,000
Per Square Foot		$313
Average Days on Market		113
Median Days on Market		70
Price Decreased		53%
Price Increased		0%
Relisted		13%
Inventory		32
Median Rent
Market Action		34
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	DOM
$1,722,500	3,973	1 - 2.5 acres	4	3	42	0	77
$972,500	3,039	1 - 2.5 acres	4	3.5	14	0	227
$797,000	2,711	1 - 2.5 acres	3	2.5	21	0	63
$670,000	2,134	1 - 2.5 acres	3	2	41	1	38

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	DOM
$1,722,500	3,973	1 - 2.5 acres	4	3	42	0	77
$972,500	3,039	1 - 2.5 acres	4	3.5	14	0	227
$797,000	2,711	1 - 2.5 acres	3	2.5	21	0	63
$670,000	2,134	1 - 2.5 acres	3	2	41	1	38

Median Price	Top $1,722,500	Upper $972,500	Lower $797,000	Bottom $670,000
Sq. Ft.	3,973	3,039	2,711	2,134
Lot Size	1 - 2.5 acres	1 - 2.5 acres	1 - 2.5 acres	1 - 2.5 acres
Beds	4	4	3	3
Baths	3	3.5	2.5	2
Age	42	14	21	41
New	0	0	0	1
Absorbed	0	0	0	0
DOM	77	227	63	38

Real-Time Real Estate Market Report