Market Conditions Report
Corrales, NM 87048
Single-Family Homes
A Real-Time Look at the Real Estate Marketplace | WelcomeHomeABQ.com | 505-448-8888
Corrales, NM 87048
Thu Feb 25 2021
This week the median list price for Corrales, NM 87048 is $965,000 with the market action index hovering around 54. This is an increase over last month's market action index of 48. Inventory has held steady at or around 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $965,000 | |
| Per Square Foot | $209 | |
| Days on Market | 119 | |
| Price Decreased | 67% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 9 | |
| Median Rent | ||
| Most Expensive | $1,949,000 | |
| Least Expensive | $419,000 | |
| Market Action | 54 | |
| Strong Seller's Market | ||
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,624,500 | 4,214 | 1 - 2.5 acres | 4 | 5 | 5 | 0 | 1 | 105 |
| $1,092,500 | 4,965 | 2.5 - 5 acres | 4 | 5 | 18 | 0 | 1 | 878 |
| $895,000 | 4,048 | 1 - 2.5 acres | 4 | 4 | 31 | 0 | 0 | 73 |
| $439,000 | 2,900 | 1 - 2.5 acres | 4 | 3 | 27 | 1 | 1 | 70 |