Is Corrales, NM 87048 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Corrales is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score51/ 100

More competitive than 52% of U.S. ZIP codes, and #16 of 51 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply4Under 4 months = seller’s market

Sold above original list21.2%Share of sales, last 3 months

Median sale-to-list98.9%Sold price ÷ list price

Median days on market29Listing to accepted offer

Median price per sq ft$319▲ +7.1% vs. last year

Run the numbers for 87048

Prefilled for 87048Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87048Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Algodones 87001 — /sq ft Bernalillo 87004Balanced $218 /sq ft Cochiti Lake 87083Seller’s market $169 /sq ft Cuba 87013 — /sq ft Browse all markets →

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More tools for 87048

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology