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 May 26 2026
This week the median list price for Corrales, NM 87048 is $1,124,950 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 28.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $1,124,950 | |
| Median Price of New Listings | $552,500 | |
| Per Square Foot | $343 | |
| Average Days on Market | 131 | |
| Median Days on Market | 60 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 28 | |
| Median Rent | ||
| Market Action | 37 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,250,000 | 5,133 | 2.5 - 5 acres | 4 | 2.5 | 54 | 0 | 0 | 189 |
| $1,385,000 | 4,309 | 1 - 2.5 acres | 4 | 3.5 | 27 | 0 | 0 | 63 |
| $899,000 | 3,002 | 1 - 2.5 acres | 3 | 2.5 | 25 | 0 | 1 | 63 |
| $649,900 | 1,767 | 0.5 - 1 acre | 3 | 2 | 33 | 2 | 0 | 21 |