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 Mar 28 2023
This week the median list price for Corrales, NM 87048 is $825,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has decreased to 17. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Corrales, NM 87048

Tue Mar 28 2023
This week the median list price for Corrales, NM 87048 is $825,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has decreased to 17. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Corrales market.
Median List Price $825,000
Median Price of New Listings $0
Per Square Foot $279
Average Days on Market 70
Median Days on Market 42
Price Decreased 41%
Price Increased 0%
Relisted 12%
Inventory 17
Median Rent
Market Action 43
Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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
$1,694,500 4,410 1 - 2.5 acres 4 4.5 12 0 0 108
$939,500 3,353 1 - 2.5 acres 4 3 33 0 1 42
$782,450 3,085 0.5 - 1 acre 4 3 32 0 1 45
$499,900 2,199 0.5 - 1 acre 3 3 43 0 1 21