Real-Time Real Estate Market Report

Corrales, NM 87048

Single-Family Homes

Have the Market Insight Before You Buy or Sell



Corrales, NM 87048

Thu Feb 06 2025
This week the median list price for Corrales, NM 87048 is $995,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 21. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Corrales, NM 87048

Thu Feb 06 2025
This week the median list price for Corrales, NM 87048 is $995,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 21. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Corrales market.
Median List Price $995,000
Median Price of New Listings $555,000
Per Square Foot $312
Average Days on Market 98
Median Days on Market 77
Price Decreased 52%
Price Increased 0%
Relisted 10%
Inventory 21
Median Rent
Market Action 41
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
$1,950,000 5,005 - 5 5 22 1 0 28
$1,199,000 3,563 1 - 2.5 acres 4 4 3 0 1 147
$950,000 3,245 - 4 4 24 0 1 49
$555,000 1,756 0.25 - 0.5 acre 3 2 43 3 1 87