Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Corrales, NM 87048

Fri Jul 11 2025
This week the median list price for Corrales, NM 87048 is $895,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 33. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Fri Jul 11 2025
This week the median list price for Corrales, NM 87048 is $895,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 33. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $895,000
Median Price of New Listings $1,360,000
Per Square Foot $318
Average Days on Market 89
Median Days on Market 70
Price Decreased 52%
Price Increased 0%
Relisted 15%
Inventory 33
Median Rent
Market Action 34
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move 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
$1,549,999 4,130 1 - 2.5 acres 4 3.5 31 1 2 98
$968,985 2,931 1 - 2.5 acres 4 3.3 32 1 0 94
$839,750 2,933 1 - 2.5 acres 4 2.5 21 0 0 21
$679,450 2,107 1 - 2.5 acres 3 2 36 0 3 70