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Sky View Acres

CORRALES, NM 87048

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 87048

Sky View Acres

Market Analysis

Data as of March 2026. Source: Realtor.com.

The CORRALES, NM real estate market (87048) currently shows 42 active listings, with 13 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 58 days on market compared to 63 days last year.

The median listing price has fallen 0% year-over-year, from $950,000 to $950,000.

Whether you are buying or selling in CORRALES, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 8,839  ·  Density: 310.5/mi²  ·  Median household income: $94,479

Typical home value: $514,440  ·  Homeownership: 89.7%

Market Overview

Active Listings
42
⇧ 5% vs 40 last year
Pending
13
31% pending ratio
Median Price
$950,000
vs $950,000 last year
Average Price
$1,210,422
⇧ 14.4% vs $1,058,353 last year
Days on Market
58
⇩ 7.9% vs 63 days last year

Price Per Square Foot

Median $/sqft
$310
⇩ 1.3% vs $314/sqft last year
Median Home Size
3,247 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 42 this year vs 40 last year
  • Days on market: 58 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $950,000 (+0% YoY)
  • Average: $1,210,422 (+14.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.0 miles — 1,508 listings ($797,453,036 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87048Corrales, NM 870480.0 mi38$44,375,640$952,500$1,167,780
87114Albuquerque, NM 871144.4 mi165$81,638,535$399,500$494,779
87107Albuquerque, NM 871077.0 mi82$74,832,298$512,475$912,589
87144Rio Rancho, NM 871448.4 mi320$160,246,080$449,769$500,769
87110Albuquerque, NM 871109.2 mi102$38,052,018$350,450$373,059
87124Rio Rancho, NM 8712410.3 mi223$108,470,768$428,000$486,416
87120Albuquerque, NM 8712010.5 mi224$121,133,152$462,000$540,773
87102Albuquerque, NM 8710210.8 mi70$21,592,620$275,000$308,466
87108Albuquerque, NM 8710811.6 mi72$22,485,168$291,250$312,294
87123Albuquerque, NM 8712314.7 mi93$58,605,810$357,500$630,170
87105Albuquerque, NM 8710517.1 mi85$35,040,910$350,000$412,246
87047Sandia Park, NM 8704719.4 mi25$26,126,850$742,500$1,045,074
87068Bosque Farms, NM 8706823.0 mi9$4,853,187$532,250$539,243

Frequently Asked Questions

How many homes are for sale in CORRALES, NM 87048?

As of March 2026, there are 42 active listings in CORRALES, NM (zip code 87048), compared to 40 the prior year.

What is the median home price in CORRALES, NM 87048?

The median listing price in CORRALES, NM 87048 is $950,000 as of March 2026, a 0% increase from $950,000 the prior year.

How long do homes stay on the market in CORRALES, NM?

Homes in CORRALES, NM 87048 spend an average of 58 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in CORRALES, NM 87048?

Based on current inventory and days-on-market data as of March 2026, CORRALES, NM 87048 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 58 days on market compared to 63 days last year.

How much can I save on real estate commission in CORRALES, NM?

With SELL123.com's maximum 3% commission, sellers in CORRALES, NM 87048 save an estimated $19,000 compared to a typical 5% commission on the median listing price of $950,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.