Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Corrales, NM 87048

Sat Feb 04 2023
This week the median list price for Corrales, NM 87048 is $988,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 15. 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

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

Sat Feb 04 2023
This week the median list price for Corrales, NM 87048 is $988,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 15. 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

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 $988,000
Median Price of New Listings $766,000
Per Square Foot $270
Average Days on Market 113
Median Days on Market 91
Price Decreased 53%
Price Increased 13%
Relisted 7%
Inventory 15
Median Rent
Market Action 42
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$1,795,000 4,019 1 - 2.5 acres 5 4 20 0 1 70
$1,235,000 4,394 1 - 2.5 acres 4 4 19 0 0 129
$893,500 3,488 1 - 2.5 acres 4 3 30 2 3 45
$522,900 2,213 0.5 - 1 acre 4 2 36 0 2 189