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Madrid, NM real estate

Compare top Madrid real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for November 2026.*


*Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Madrid real estate Market Report.

Information and statistics on the latest trends in the Madrid real estate market. *

Quarterly Pricing Trends for Madrid

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Madrid Q4 '21 Q4 '22 Q4 '23 Q4 '24 Q4 '25 Q3 '26 Median sale price in Oct 2021 - Dec 2021: $302K Median sale price in Jan 2022 - Mar 2022: $599K Median sale price in Apr 2022 - Jun 2022: $337K Median sale price in Jul 2022 - Sep 2022: $340K Median sale price in Apr 2023 - Jun 2023: $313K Median sale price in Jul 2023 - Sep 2023: $323K Median sale price in Oct 2023 - Dec 2023: $338K Median sale price in Jan 2024 - Mar 2024: $318K Median sale price in Jul 2024 - Sep 2024: $399K Median sale price in Oct 2024 - Dec 2024: $511K Median sale price in Jan 2025 - Mar 2025: $210K Median sale price in Apr 2025 - Jun 2025: $380K Median sale price in Oct 2025 - Dec 2025: $435K Median sale price in Jan 2026 - Mar 2026: $374K Median sale price in Apr 2026 - Jun 2026: $370K Median list price in Oct 2021 - Dec 2021: $325K Median list price in Jan 2022 - Mar 2022: $304K Median list price in Apr 2022 - Jun 2022: $349K Median list price in Jul 2022 - Sep 2022: $450K Median list price in Oct 2022 - Dec 2022: $439K Median list price in Jan 2023 - Mar 2023: $325K Median list price in Apr 2023 - Jun 2023: $534K Median list price in Jul 2023 - Sep 2023: $345K Median list price in Jan 2024 - Mar 2024: $550K Median list price in Apr 2024 - Jun 2024: $399K Median list price in Jul 2024 - Sep 2024: $339K Median list price in Oct 2024 - Dec 2024: $399K Median list price in Jan 2025 - Mar 2025: $275K Median list price in Apr 2025 - Jun 2025: $437K Median list price in Jul 2025 - Sep 2025: $495K Median list price in Oct 2025 - Dec 2025: $379K Median list price in Jan 2026 - Mar 2026: $420K Median list price in Apr 2026 - Jun 2026: $550K Median list price in Jul 2026 - Sep 2026: $347K Oct 2021 - Dec 2021 Median sale price $302K Median list price $325K Jan 2022 - Mar 2022 Median sale price $599K Median list price $304K Apr 2022 - Jun 2022 Median sale price $337K Median list price $349K Jul 2022 - Sep 2022 Median sale price $340K Median list price $450K Oct 2022 - Dec 2022 Median sale price Unknown Median list price $439K Jan 2023 - Mar 2023 Median sale price Unknown Median list price $325K Apr 2023 - Jun 2023 Median sale price $313K Median list price $534K Jul 2023 - Sep 2023 Median sale price $323K Median list price $345K Oct 2023 - Dec 2023 Median sale price $338K Median list price Unknown Jan 2024 - Mar 2024 Median sale price $318K Median list price $550K Apr 2024 - Jun 2024 Median sale price Unknown Median list price $399K Jul 2024 - Sep 2024 Median sale price $399K Median list price $339K Oct 2024 - Dec 2024 Median sale price $511K Median list price $399K Jan 2025 - Mar 2025 Median sale price $210K Median list price $275K Apr 2025 - Jun 2025 Median sale price $380K Median list price $437K Jul 2025 - Sep 2025 Median sale price Unknown Median list price $495K Oct 2025 - Dec 2025 Median sale price $435K Median list price $379K Jan 2026 - Mar 2026 Median sale price $374K Median list price $420K Apr 2026 - Jun 2026 Median sale price $370K Median list price $550K Jul 2026 - Sep 2026 Median sale price Unknown Median list price $347K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
40
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Jul 2026 - Sep 2026).

Madrid currently leans toward sellers, with the market gauge indicating a seller’s market. Inventory is limited, with only about eight active listings in the latest rolling three-month period. At the same time, nearly half of homes are going off the market within two weeks, which reinforces the advantage for sellers.

Prices have cooled notably over the past year even as conditions favor sellers. The rolling three-month median list price is down nearly 30 percent year over year, while active listings are up a little more than 15 percent from a year ago. New listings have increased more than 50 percent year over year, and pending sales are slightly higher than last year, suggesting that buyer activity is still present despite lower prices.

Looking back over the historical data, list prices and sale prices in Madrid have moved around quite a bit in recent years, and months of supply have often been elevated, but current fast sell-through hints that realistically priced homes move quickly. Longer days on market in some earlier periods contrast with today’s faster pace, showing how conditions can vary over time. With shifting prices, changing inventory, and a seller-tilted balance, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands Madrid’s latest trends.



Learn more about what Madrid has to offer.

Madrid offers residents a vibrant blend of history, arts, and community, with colorful galleries, welcoming shops, neighborhood events, and easy access to outdoor trails that make it a warm, active hometown.

Madrid stands apart from nearby Santa Fe and Albuquerque with its former coal-camp roots and arts-focused revival along the scenic Turquoise Trail. The community feels more like an open-air studio than a typical small town, with galleries, cafes, and historic miner’s cabins lining the main road.

Locals and visitors mingle at spots like the Mine Shaft Tavern, known for live music and green chile dishes, and explore the creativity on display at Johnsons of Madrid Galleries. The Madrid Old Coal Town Museum highlights how the town reinvented itself, while nearby trails in the Santa Fe National Forest offer hiking, biking, and stargazing within a short drive. The community’s calendar fills with art walks, holiday parades, and biker rallies that bring energy while locals maintain a close-knit, informal atmosphere.

Housing in Madrid ranges from restored miners’ homes to eclectic custom builds on hillside lots. Inventory can be limited and often moves through word of mouth or quickly once listed. That makes timing, pricing, and preparation especially important, whether you are planning to buy a weekend retreat or sell a long-held property. A real estate agent who understands Madrid’s unique character, zoning quirks, and market rhythms can make a real difference, and Agent Pronto can help both buyers and sellers connect with the right local professional at the right moment.

Find your Madrid real estate agent today →


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See why so many people rely on Agent Pronto to make their real estate journey a success.

“Working with Ginny as my buyer's agent for my first home was a wonderful experience. Her helpful recommendations, valuable insight, and consistent availability made the entire process smooth and stress-free. I especially appreciated her clear communication and guidance, which made everything feel straightforward, fast, and efficient. I'm grateful for her support and would highly recommend Ginny to anyone looking to purchase a home!”

James Tobler ·

Photo of Ginny Cerrella
Keller Williams Realty
“Hayley was outstanding and very helpful with the process of selling my property, and always took to answer calls or texts , very highly recommended Thank you !!!”

Dakota Lynn ·

Photo of Hayley McInnes
Realty One Group Realty One of New Mexico
“Phil and his team were absolutely phenomenal. The entire closing process was fast, convenient, and completely stress-free. Phil went above and beyond, even taking time out of his personal time to make sure everything happened smoothly. His communication, professionalism, and dedication were exceptional from start to finish. I would highly recommend Phil to anyone looking to purchase a home, especially if they're working on a specific timeline. He goes above and beyond to make it happen and truly puts his clients first. I sincerely appreciate all of the hard work from Phil and his team—they made the entire experience seamless.”

Kano ·

Photo of Phillip Archuleta
Realty One of New Mexico
“Heather got the job done and sold our home quickly. She was professional and handled the paperwork competently, and communicated the important updates! We were very happy Heather helped us sale our home!”

James Dean ·

Photo of Heather Lamkin
Desert Meadows Real Estate
“We worked with Miranda when we bought our home. She was so great that when we decided to sell our home, we calked her back! She is very easy to work with, personable and incredibly optimistic. She had ideas and solutions for every step of the process, from the price point to the inspections and everything in between. We were impressed with her incredible attention to detail and organization skills. She made the process very smooth. Miranda truly seems to love her work and want the best for her clients.”

sarapetrous ·

Photo of Miranda Miller
Chase International
“Adrienne was great to work with as a first time homebuyer! She's very knowledgeable about the purchasing process. She'll thoroughly walk through each part of the process with you and try to get the best price for the sale.”

Sonia Li ·

Photo of Adrienne DeGuere
Sotheby's International Realty - Santa Fe Brokerage
“Melissa was very helpful and patient, particularly this year. Responses were quick and communication was clear and simple. It was evident that she had market expertise and followed the financial and economic trends of the year. I would be willing to work again with Melissa in the future.”

j9334312 ·

Photo of Melissa Moya
Weichert, Realtors- Image
“Shaina was fantastic to work with on our investment property purchase. She understood our goals, provided great market insight, and guided us to the right opportunities. Her communication was fast, her advice was spot-on, and she made the whole process smooth from start to finish. I highly recommend Shaina to anyone looking to buy or invest in real estate!”

Suzette Baca ·

Photo of ICON Real Estate Team
Keys to New Mexico
“We were first time buyers and having Jacob as an agent was our luck. He did an amazing job with us. He was friendly, understanding and cared about our needs and our concerns. He guided and explained carefully every step in the buying process. He promptly respond to all our requests and questions. Thank you very much, Jacob!”

Vinh Dang ·

Photo of Jacob Benezra
Realty One Group Realty One of New Mexico
“Sabine was very responsive and knowledgeable. She is detailed-oriented and thorough. I felt confident that all the steps toward the eventual purchase were handled properly and with my best interest in mind.”

Cecile Hemez ·

Photo of Sabine Lauer
REAL Broker, LLC
“Mark + his wonderful family sold my house in 2 days for more than the asking price! Woo hoo! I recommend his real estate services without reservation.”

jadebock ·

Photo of The Rickert Property Group
Keller Williams
“Nickie is an amazing realtor! She listened to what we wanted and right away started working to find our home. She always had time to answer our questions and made the whole experience low stress and communicated every detail about the process to us. She negotiated a better deal than we thought possible. She always had time for us and never rushed through an inspection or phone conversation. We feel like we made a really good friend during the process and would highly recommend Nickie to anyone looking to purchase a home.”

qdcphs7d55 ·

Photo of Nickie Garcia
RE/MAX Elevate
“Derek did an outstanding job leading and navigating the sell of my home in Four Hills Village, NM. He is very knowledgeable on current and historic market trends, is extremely loyal, trustworthy, and has a very strong network and positive reputation in and around the Albuquerque area. Derek is a proven performer and one of the very best at creating win-win outcomes in the real estate arena. He is also very professional and an impressive negotiator; he was instrumental in securing the best possible deal for my home during a very challenging time in my life. I always highly recommend Derek to all of my friends and family members, and he’s never let us down.”

nicholas vincent4267 ·

Photo of Derek Robinson
Keller Williams Realty
“Austin is impressively knowledgeable not only in the home-buying process, but also in knowing what to look for when touring a home. His patience was immensely appreciated for someone like myself who is new to buying a home, and he did a fantastic job of making me feel at ease and answering my innumerable questions about the entire process. He was able to connect me to various other professionals involved in the home-buying process and explained in appreciable detail about how they played into the whole song and dance of buying a home. I, stupidly, didn't properly determine the budget I was comfortable with before putting down an earnest payment, so I ultimately had to back out, but even then he was very understanding. I never felt pressured the entire time while working with him, so once I get into a situation where I can afford to buy a home on my single budget without sacrificing too much of my budget for emergencies and other life pursuits, I eagerly look forward to working with him again in the future. I would ABSOLUTELY recommend him as a realtor and not even once felt like he didn't have my best interests in mind.”

W P ·

Photo of The Lovely Home Company
The Lovely Home Company
“Brittany went above and beyond with selling my home, she made the process incredibly smooth and made sure to always answer all my questions since I have bad anxiety. If you stress out anything like me, trust me you’re in good hands. Sit back and relax cause Brittany takes care of it all! Most of all she was very kind and made me feel comfortable trusting her with my home!”

Reynafinch233 ·

Photo of Love+Co
eXp Realty Love & Co
“Will is absolutely the best realtor you could possibly want. He answered his phone day and night, He answered any question I had or sought out the answer. He is honest, honest, honest and he truly cares about his clients. You won't go wrong with Will”

Sally discenza ·

Photo of William Lambert
Waypoint Noven
“Silvia was very responsive and had excellent to communication throughout the whole time view and purchasing a house. They were able to schedule a inspection very fast and expediate that process to close earlier. They had a good system for signing and sharing all the documents that were needed. They made it a very easy process. It was a positive experience.”

cmbiwer ·

Photo of Silvia Group
Realty One Group Valentino Realty Group
“Keith is the best realtor I have worked with. He did an outstanding job over the past five months in helping us purchase the right home. As we were relocating from out of state, he provided valuable guidance on the local market and neighborhoods, worked with us virtually when needed, and was extremely patient throughout the entire process. He communicated clearly, always addressed our questions and concerns, and kept us well-informed at every step. We are confident we secured the best deal possible, all thanks to Keith's guidance. His expertise, dedication, and genuine care made all the difference in finding our home.”

amarin8909 ·

Photo of Keith Lewis
Keller Williams Academy
“Amy Garcia and her assistant, Riza were of the utmost professional, caring and supportive team from searching for our home until closing. We would highly recommend them to anyone that we come in contact with who are thinking of buying their dream home.”

Corina Aragon ·

Photo of Amy Garcia
Keller Williams
“Very good experience. Great to work with. Convenient and professional. Sold the property in record time. Will Collins is fantastic as a realtor. Highly recommend him.”

Ralph M. · Albuquerque, NM

Photo of Team Elevate
RE/MAX ELEVATE

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Madrid. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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