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Featured local agent — Madrid, NY
Sarah Mitchell
Compass Real Estate · Madrid, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Madrid, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$348,000median sale price
How is the Madrid, NY housing market right now?
The median home sale price in Madrid, NY is $348,000, up 231.4% year-over-year. Homes sell in an average of 118 days. The market is currently a buyer's 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, NY is currently a buyer's market and homes selling in about 118 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
118
Average pace
Active listings
—
Sale-to-list
87.2%
Below asking
What does the Madrid housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $348,000 |
| Year-over-year price change | +231.4% |
| Average days on market | 118 days |
| Sale-to-list price ratio | 87.2% |
| Median price per sq ft | $124/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Madrid by property type?
How the Madrid, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $348,000 | $124/sq ft | 1 | 118 days |
Source: Redfin · Updated monthly
The Madrid housing market is currently classified as a buyer's market with a median sale price of $348,000. Prices have risen 231.4% compared to last year, with homes spending an average of 118 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 1.9x provides context for how home values compare to local earning capacity.
Homes for sale in Madrid
Explore homes currently listed for sale in Madrid, New York across major real estate platforms.
Who lives in Madrid?
Population
753
Median income
$88,500/yr
Median age
36.4 years
Owner-occupied
72.6%
College grads
26.2%
Avg commute
20.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Madrid?
Zillow home value
$165,239
Price-to-income
1.9x
Source: Zillow Research
What is it like to live in Madrid?
Madrid is a community of approximately 1K residents with a median age of 36.4 years.The median household income is $88,500, which reflects a relatively affluent area with strong earning potential. 26.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Madrid offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Madrid?
2 schools tracked · 617 students
The largest public schools serving Madrid, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MADRID-WADDINGTON JUNIOR-SENIOR HIGH SCHOOL
Grades 6-12 · 314 students
MADRID-WADDINGTON ELEMENTARY SCHOOL
Grades PK-5 · 303 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Madrid, NY?
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 $348,000, up 231.4% from last year.
How long do homes stay on market in Madrid?
Homes typically spend 118 days on market before going under contract.
What is the median income in Madrid?
The median household income is $88,500 per year.
What is the Zillow home value estimate for Madrid?
The Zillow Home Value Index (ZHVI) for Madrid is $165,239, representing the typical home value in the area.
How much does a single-family home cost in Madrid?
The median single-family home price in Madrid, NY is $348,000 (about $124 per square foot).
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