Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Corrales, NM 87048

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!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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.

Corrales, NM 87048

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!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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.

Real-Time Market Profile

Never miss important changes in the Corrales market.
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

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.

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
$1,750,000 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