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CORRALES, NM 87048

Real Estate Market Report  ·  Sandoval County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
35
vs 35 last year
Pending
7
20% pending ratio
Median Price
$975,000
⇧ 1.8% vs $957,500 last year
Average Price
$1,210,635
⇧ 7.2% vs $1,129,209 last year
Days on Market
84
⇩ 11.6% vs 95 days last year

Market Context

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

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

Market Analysis

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

The CORRALES, NM real estate market (87048) currently shows 35 active listings, with 7 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 84 days on market compared to 95 days last year.

The median listing price has risen 1.8% year-over-year, from $957,500 to $975,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 84 now vs 95 last year

Median & Average Pricing

Year over Year
  • Median: $975,000 (+1.8% YoY)
  • Average: $1,210,635 (+7.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.6 miles — 1,560 listings ($770,060,815 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87048Corrales, NM 870480.0 mi35$42,372,225$975,000$1,210,635
87114Albuquerque, NM 871144.4 mi146$73,427,780$400,000$502,930
87107Albuquerque, NM 871077.0 mi73$60,898,644$525,000$834,228
87144Rio Rancho, NM 871448.4 mi300$148,697,400$430,000$495,658
87110Albuquerque, NM 871109.2 mi97$35,359,992$351,450$364,536
87124Rio Rancho, NM 8712410.3 mi219$100,859,136$418,265$460,544
87120Albuquerque, NM 8712010.5 mi217$113,838,200$442,000$524,600
87102Albuquerque, NM 8710210.8 mi66$20,695,092$280,000$313,562
87108Albuquerque, NM 8710811.6 mi71$21,880,141$280,250$308,171
87123Albuquerque, NM 8712314.7 mi95$54,267,800$350,000$571,240
87105Albuquerque, NM 8710517.1 mi84$34,239,576$362,500$407,614
87121Albuquerque, NM 8712121.4 mi124$41,968,668$319,700$338,457
87059Tijeras, NM 8705924.6 mi33$21,556,161$571,500$653,217

Frequently Asked Questions

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

As of January 2026, there are 35 active listings in CORRALES, NM (zip code 87048), compared to 35 the prior year.

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

The median listing price in CORRALES, NM 87048 is $975,000 as of January 2026, a 1.8% increase from $957,500 the prior year.

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

Homes in CORRALES, NM 87048 spend an average of 84 days on the market before going under contract, compared to 95 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 January 2026, CORRALES, NM 87048 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 84 days on market compared to 95 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 $19,500 compared to a typical 5% commission on the median listing price of $975,000. 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.