Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell


Corrales, NM 87048

Tue Apr 23 2024
This week the median list price for Corrales, NM 87048 is $675,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has decreased to 21. 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

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

Tue Apr 23 2024
This week the median list price for Corrales, NM 87048 is $675,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has decreased to 21. 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

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 $675,000
Median Price of New Listings $540,000
Per Square Foot $327
Average Days on Market 98
Median Days on Market 63
Price Decreased 38%
Price Increased 0%
Relisted 5%
Inventory 21
Median Rent
Market Action 36
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
$2,500,000 6,678 1 - 2.5 acres 4 5 21 0 0 161
$850,000 2,714 1 - 2.5 acres 4 3 39 1 0 63
$649,900 2,323 1 - 2.5 acres 3 2 52 0 2 35
$514,500 1,736 0.5 - 1 acre 3 2 36 3 0 7