Why Live in Corrales
Corrales, New Mexico, is a small village with a population of about 8,600, located approximately 15 miles north of downtown Albuquerque. Known as the horse capital of New Mexico, Corrales maintains a strong rural character with expansive lots and adobe Pueblo-style homes. The village's main thoroughfare, Corrales Road, is lined with vintage buildings, shops, and restaurants, including notable spots like Casa Vieja, Ex Novo Brewery, and Perea's Tequila Bar and Restaurant. Local attractions include the historic Old San Ysidro Church and the Casa San Ysidro museum. The area is also known for its vibrant arts scene, with events such as the Corrales Art & Studio Tour and the Old Church Fine Arts Show. Corrales Elementary School, Cibola High School, and Albuquerque Public Schools are highly rated, providing quality education options. Recreational amenities include parks, gyms, and the Robert Bell Skate Park, along with community events like the Corrales Growers Market and the Corrales Harvest Festival. The village is safer than the national average, with low crime rates reported. Corrales also has a unique aspect of property ownership involving water rights and acequias for irrigation. The village's proximity to Albuquerque and Rio Rancho offers additional shopping and dining options, making it a desirable location for those seeking a blend of rural charm and accessibility to urban amenities.
Home Trends in Corrales, NM
On average, homes in Corrales, NM sell after 55 days on the market compared to the national average of 51 days. The median sale price for homes in Corrales, NM over the last 12 months is $680,000, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$680,000
Median Single Family Sale Price
$758,000
Median Townhouse Sale Price
$468,500
Median 2 Bedroom Sale Price
$425,000
Average Price Per Sq Ft
$318
Number of Homes for Sale
31
Last 12 months Home Sales
137
Median List Price
$785,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-3%