Market Conditions Report

Corrales, NM 87048

Single-Family Homes

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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. 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.

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.

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. 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.

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

Never miss important changes in the Corrales market.
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