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Featured local agent — Madrid, NM
Sarah Mitchell
Compass Real Estate · Madrid, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Madrid, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$374,000median sale price
How is the Madrid, NM housing market right now?
The median home sale price in Madrid, NM is $374,000. Homes sell in an average of 192 days with 2 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Madrid a buyer's or seller's market?
Madrid, NM is currently a balanced market, based on 2.0 months of supply and homes selling in about 192 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
192
Average pace
Active listings
2
2.0 months supply
Sale-to-list
93.7%
Below asking
What does the Madrid housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $374,000 |
| Median list price | $500,000 |
| Average days on market | 192 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 93.7% |
| Median price per sq ft | $346/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Madrid by property type?
How the Madrid, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $374,000 | $346/sq ft | 1 | 192 days |
Source: Redfin · Updated monthly
The Madrid housing market is currently classified as a balanced market with a median sale price of $374,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 192 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Madrid
There are currently 2 homes listed for sale in Madrid, New Mexico. The median listing price is $500K.
Active listings
2
Homes on market
Median list price
$500K
Avg. days on market
192
Days until sale
New this week
1
Newly listed
Who lives in Madrid?
Population
248
Median age
59.6 years
Owner-occupied
23.8%
College grads
91.9%
Source: U.S. Census Bureau ACS
What is it like to live in Madrid?
Madrid is a community of approximately 0K residents with a median age of 59.6 years. 91.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 23.8%, showing a blend of owner and renter-occupied properties.Overall, Madrid offers a distinctive character that appeals to different lifestyle preferences.
Which cities are near Madrid, NM?
Want a head-to-head view? Compare Madrid side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Madrid?
The median home sale price in Madrid is $374,000, down 0.0% from last year.
How long do homes stay on market in Madrid?
Homes typically spend 192 days on market before going under contract.
Is Madrid a buyer's or seller's market?
With 2.0 months of supply, Madrid is currently a balanced market.
How much does a single-family home cost in Madrid?
The median single-family home price in Madrid, NM is $374,000 (about $346 per square foot).
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