- $90,000
- 1.12 Acre
Homes Under $350K Price For Sale in 87048, NM
18 Homes
87048, NM Homes for Sale
Great view lot. Underground utilities. Public paved road. Dedicated open space across the road north from lot.
- $298,000
- 1.67 Acre
87048, NM Homes for Sale
A rare opportunity to own 2.09 acres with extraordinary views from one of Corrales' most elevated settings. Located in Tierra Encantada, this distinctive parcel rises above the surrounding landscape with sweeping views of the Sandia Mountains, the Rio Grande Valley and the village below. The elevated terrain creates a dramatic sense of privacy and a true ''top of the world'' setting that is difficult to duplicate.Approximately 2.09 acres with electricity available at the street and convenient access to the heart of Corrales. A topographic survey and previous Improvement Location Report are available, providing valuable information for buyers as they explore development possibilities.For the buyer with the vision to embrace a unique property, the reward is an exceptional Corrales setting with remarkable elevation, privacy and panoramic scenery. Explore the possibilities of this truly distinctive parcel.
- $275,000
- 2.09 Acre
87048, NM Homes for Sale
Nobody moves to Corrales for the commute. They move for the part where you turn off Corrales Road and the noise just quits. Where the ditches run in the spring, the cottonwoods go gold in October, and there are horses in the yard down the lane like it's nothing. Where you can see stars from your own driveway. Actual stars. Just under an acre of it here, off Windsong Lane, with nothing on it yet. That's the good part. Nobody has decided anything for you. Where the portal goes, which way the kitchen faces, where the big windows land and whether you want the morning light or the evening. You get to stand out here on a Saturday with a coffee and work it out. Corrales Main is a few minutes down the road when you want dinner or the growers market on a Sunday. The bosque is right there. And the city is close enough to get to and far enough to leave. Come walk it around dusk. Bring whoever you'd build it with.
- $180,000
- 0.79 Acre
$30K
87048, NM Homes for Sale
Build your dream home on this scenic one-acre homesite in the heart of Corrales. This unique parcel offers stunning views, a generous building envelope, and room for horses or other livestock. The long, narrow configuration provides privacy while maximizing the opportunity to create a custom home surrounded by open space. Enjoy the peaceful rural lifestyle Corrales is known for, with miles of riding and walking trails, nearby acequias, local wineries, farmers markets, and easy access to Albuquerque, Rio Rancho, and the Sandia Mountains. A rare opportunity to own land in one of New Mexico's most sought-after communities.
- $175,000
- 1.09 Acre
87048, NM Homes for Sale
Build your dream home on this exceptional one-acre residential lot in Corrales, New Mexico! Located at the end of a cul-de-sac in the desirable Campo de Suenos subdivision, 118 Stella Lane offers an elevated building site with beautiful Sandia Mountain views and an established neighborhood of luxury custom homes.A rare opportunity for those looking to build a custom home in Corrales, this property allows for two-story construction, offering the flexibility to maximize living space and take full advantage of the surrounding views.Enjoy the charm of the Village of Corrales, with nearby acequia trails, the Rio Grande Bosque, local restaurants, wineries, galleries, and the popular Corrales Growers' Market. Conveniently located with access to Albuquerque and Rio Rancho, this one-acre Corrales homesite offers an outstanding opportunity to create your ideal New Mexico lifestyle.
- $289,000
- 1 Acre
$10K
87048, NM Homes for Sale
This is the lot you have been looking for! Looking for land to build your dream home? Look no further than this 1.06-acre lot in a desirable location with close access to shopping, medical facilities, and more! All Nice Level/Rectangular Residential Building Lot. Area Of Premium, Custom-home New Construction. Good Views, Underground Utilities Except Water & Sewer, Great Cc&Rs. West Perfecto Lopez Is Paved & Public. Get ready to build, or buy as an investment in a rapidly growing area.
- $240,000
- 1.06 Acre
87048, NM Homes for Sale
Rare opportunity to own 0.83 acres in the heart of Corrales, one of New Mexico's most desirable communities. This exceptional lot offers breathtaking views of the Sandia Mountains, spectacular sunsets, and the charm of Corrales living. With plenty of space to build your custom dream home, enjoy the perfect blend of privacy, open skies, and convenience. Surrounded by beautiful custom homes and a stunning scenery, this property provides easy access to local shops, dining, trails, and Albuquerque amenities while maintaining a peaceful rural atmosphere. Don't miss your chance to build in one of the most sought-after locations in New Mexico. Owner financing accepted!
- $180,000
- 0.83 Acre
- $94,999
- 0.89 Acre
87048, NM Homes for Sale
Property is being sold ''As Is.'' All utilities shall be independently verified by Buyer during the due diligence / inspection period. An ILR / Survey is not currently available and may need to be obtained through the Title Company during escrow. Contact Broker for details on the Restrictive Covenants.
- $345,707
- 1.01 Acre
87048, NM Homes for Sale
Property is being sold ''As Is.'' All utilities shall be independently verified by Buyer during the due diligence / inspection period. An ILR / Survey is not currently available and may need to be obtained through the Title Company during escrow.Contact Broker for details on the Restrictive Covenants.
- $347,417
- 1.02 Acre
87048, NM Homes for Sale
Property is being sold ''As Is.'' All utilities shall be independently verified by Buyer during the due diligence / inspection period. An ILR / Survey is not currently available and may need to be obtained through the Title Company during escrow.Contact Broker for details on the Restrictive Covenants.
- $344,340
- 1.01 Acre
87048, NM Homes for Sale
Property is being sold ''As Is.'' All utilities shall be independently verified by Buyer during the due diligence / inspection period. An ILR / Survey is not currently available and may need to be obtained through the Title Company during escrow.
- $348,443
- 1.02 Acre
87048, NM Homes for Sale
Property is being sold ''As Is.'' All utilities shall be independently verified by Buyer during the due diligence / inspection period. An ILR / Survey is not currently available and may need to be obtained through the Title Company during escrow.
- $345,365
- 1.01 Acre
87048, NM Homes for Sale
A very rare opportunity in the wonderful Corrales community! Incredible views of the Sandia Mountains! Septic and a private well already on property. Build a custom home or bring a manufactured home right on to it! There is currently a non-permanent foundation manufactured home already on site that is not included in the price on this land listing (Oakwood model 1208). There is another MLS listing where the mobile home is included. We are accepting offers for either option.This property is tenant occupied, please do not disturb. Tenant is a month to month lease and may stay if new buyer allows.
- $260,000
- 1 Acre
87048, NM Homes for Sale
Discover an exceptional opportunity to own 7.6683 acres on the west end of Corrales, offering breathtaking views of the Rio Grande Bosque and the majestic Sandia Mountains. This expansive property provides plenty of room to spread out, enjoy the peaceful surroundings, and embrace the rural charm that makes Corrales so desirable. With ample space for horses, outdoor activities, and endless possibilities, this property offers an ideal setting to create your dream estate. Enjoy the beauty of New Mexico's stunning landscapes, spectacular sunsets, and wide-open spaces while remaining conveniently close to Rio Rancho and Albuquerque amenities.
- $300,000
- 7.67 Acre
$400K
87048, NM Homes for Sale
Priced below assessed value. Perched high above the city, this nearly one-acre property offers breathtaking panoramic views in every direction. By day, enjoy sweeping vistas of New Mexico's striking landscape; by night, watch as Albuquerque sparkles to life, twinkling like a jewel box beneath the stars. The lot has the perfect homesite, already outlined by a concrete pad--ready for your vision to take shape. Most utilities available on-site, the groundwork is set for creating your dream home without delay.
- $185,000
- 0.96 Acre
87048, NM Homes for Sale
Build your dream home on this stunning 1-acre custom home lot in the highly sought-after village of Corrales! Nestled among mature trees, this serene property offers breathtaking views of the Sandia Mountains, providing the perfect backdrop for your future home. Enjoy the peaceful, rural charm of Corrales while being just minutes from city conveniences. With plenty of space for horses, gardens, or a private retreat, this lot is a rare find in a prime location. Don't miss this opportunity to own a piece of paradise in one of New Mexico's most desirable communities!
- $325,500
- 1 Acre
$24.4K
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The prices shown are the median list prices.Corrales Homes for sale
$525,000
Albuquerque Homes for sale
$361,644
Rio Rancho Homes for sale
$289,950
Bernalillo Homes for sale
$350,000
Los Lunas Homes for sale
$339,350
Placitas Homes for sale
$180,000
Tijeras Homes for sale
$279,950
Edgewood Homes for sale
$278,900
Los Ranchos De Albuquerque Homes for sale
$1,050,000
Cedar Crest Homes for sale
$406,000
Algodones Homes for sale
$525,000
Peralta Homes for sale
$300,000
Los Ranchos Homes for sale
$1,050,000
Sandia Park Homes for sale
$150,000
Madrid Homes for sale
$279,000
Cochiti Lake Homes for sale
$229,000
87114, NM Homes for sale
$399,450
87107, NM Homes for sale
$413,780
87113, NM Homes for sale
$455,000
87121, NM Homes for sale
$292,000
87120, NM Homes for sale
$429,000
87111, NM Homes for sale
$450,000
87122, NM Homes for sale
$679,990
87123, NM Homes for sale
$330,000
87105, NM Homes for sale
$325,000
87031, NM Homes for sale
$289,395
Tanoan Comm Homes for sale
$837,500
Nob Hill Homes for sale
$477,500
Taylor Ranch Homes for sale
$360,000
High Desert Homes for sale
$650,000
Ventana Ranch Homes for sale
$365,000
Tanoan East Homes for sale
$850,000
Paradise Hills Civic Homes for sale
$425,000
Towne Park Homes for sale
$290,000
Bernalillo County Homes for sale
$350,000
Sandoval County Homes for sale
$150,000
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87048, NM real estate market trends
Statistics as of November 2026
$889K
Avg. list price
$293/Sqft
Avg. price/sqft
68
Homes for sale
3,022 Sqft
Avg. home size
100 Days
Avg. days on market
Movoto makes it easy to track market trends in 87048, NM. Whether you’re entering the market or planning your next move, understanding these key metrics can guide smart decisions. Looking for more detailed housing market stats in 87048, NM?
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Frequently Asked Questions about 87048, NM
It is expensive to live in 87048. Buying a home in 87048 is 2% more expensive compared with the national average.
Yes now is a good time to buy property in 87048, in November 2026, homes in 87048 have decreased in value (price per sqft) by 3% in the last year compared with November 2025.
In November 2026, homes to buy in 87048 spent an median 96 days on the market, a same November 2025 last year.
The best and safest neighborhoods to live in 87048 in November 2026 are Tanoan East, Tanoan Comm, North Albuquerque Acres, Glenwood Hills, High Desert, Four Hills Village, Volcano Cliffs, Nob Hill, Bear Canyon, Mesa Del Sol Innovation Park, Paradise Hills Civic, Ventana Ranch, Taylor Ranch, Near North Valley, Rio Grande Blvd, Vista Del Norte Alliance, Towne Park, Little Turtle, Sun North Estates, Albuquerque Meadows
In November 2026, 87048 homes were listed to buy for a median price of $899K, with 25% down you would need $4.76K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $163K.
Yes now is a good time to sell your house in 87048, in November 2026, homes in 87048 have decreased in value (price per sqft) by 3% in the last year compared with November 2025.