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 Jul 01 2025
This week the median list price for Corrales, NM 87048 is $882,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 34. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Corrales, NM 87048

Tue Jul 01 2025
This week the median list price for Corrales, NM 87048 is $882,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 34. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Corrales market.
Median List Price $882,000
Median Price of New Listings $775,000
Per Square Foot $319
Average Days on Market 82
Median Days on Market 63
Price Decreased 47%
Price Increased 0%
Relisted 15%
Inventory 34
Median Rent
Market Action 35
Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$1,549,999 4,130 1 - 2.5 acres 4 3.5 31 1 0 63
$991,485 3,004 1 - 2.5 acres 4 3.3 21 1 1 164
$825,000 2,940 1 - 2.5 acres 4 2.5 22 2 0 21
$642,250 2,149 1 - 2.5 acres 3 2 36 3 1 52