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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 June 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 Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $187K Median sale price in Jul 2021 - Sep 2021: $275K 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 list price in Apr 2021 - Jun 2021: $296K Median list price in Jul 2021 - Sep 2021: $289K 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: $463K 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: $480K 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: $445K Apr 2021 - Jun 2021 Median sale price $187K Median list price $296K Jul 2021 - Sep 2021 Median sale price $275K Median list price $289K 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 $463K 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 $480K 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 $445K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
50
Neutral 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 (Mar 2026 - May 2026).

Madrid currently reflects a neutral housing market, with conditions not strongly favoring either buyers or sellers. Active listings are limited at around five homes, and new listings are also modest, with three coming to market in the latest rolling three-month period. Pending sales sit at just one, pointing to slow but steady buyer activity.

Looking at prices, the rolling three-month median list price is down more than 11 percent compared with a year ago, landing near $385,700. That year-over-year decline, paired with fewer active listings than last year, suggests sellers are adjusting pricing expectations to meet a smaller pool of buyers. New listings have fallen by roughly a quarter over the past year, which reinforces the sense of cautious movement on the seller side.

Longer-term trends show Madrid has alternated between periods of higher and lower inventory, with active listings ranging from four to eleven over the past few years, and median days on market stretching well past five months at times. Months of supply has also swung from about three to over fifteen, underscoring how conditions can change significantly in this small market. With list prices easing and buyer activity still present, local knowledge is essential for timing and strategy, and Agent Pronto can connect both buyers and sellers with an agent who understands these shifting dynamics.



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.

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“There were issues going into buying our first home but Chandra made the process smooth, fast and was with us every step of the way. She got us the best possible deal & made sure on closing day we were taken care of. Absolutely love her!!”

Morgan Davis · Deland, FL

Photo of Chandra  Mosley
Oliver Mosley Realty
“Melissa did a excellent job , I would recommend her to anyone. She took care of any issues that came up and got the job done . I commend her professionalism throughout the entire process of selling our house. 👍👍👍👍👍”

Haig G · Oxnard, CA

Photo of Melissa Hunter
eXP Realty
“Thank you, Spencer!! An absolute no-brainer to put this task in your capable hands. You're a credit to the Real Estate profession, tireless master of the craft, and most importantly a genuine great human being! Anyone preparing for the roller-coaster ride of buying or selling a home can do no better than to seek your skill, guidance and exceptional execution. Truly thrilled with the support, guidance and ultimate sale of this home. Very much consistent with it's purchase and sale of my previous residence handled by you five years previous!! Just grateful!! Well done.”

Dan Devaney · Holden, MA

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Topp Realtors
“Ann Weaver went far beyond our expectations. After recent previous experiences with other agents I was beginning to believe someone as great as her was only a fantasy. Seriously. My wife and I were so happy to have found her from the beginning to the end of our time with her. It was amazing seeing how resourceful and aggressive she was for us. She made it look easy.”

Manuel Ontiveros · Duncanville, TX

Photo of Ann Weaver Team
Century 21 Judge Fite Co
“Brandy O'Neill was great! From the time I went under contract through design selections, inspections, closing, and even after closing, she was there every step of the way. She attended every meeting with me, providing support and always looking out for my best interests. I greatly appreciated her attention to detail during walkthroughs, often noticing things that I had overlooked. She was also highly professional and an excellent communicator, whether by email, text, or phone call. I am extremely grateful for her assistance and expertise. As a verteran, I would highly recommend her to anyone looking to purchase a home. 10/10 service!”

Ashley Scott · Beaufort, SC

Photo of Brandy  & Sean O'Neill
eXp Realty LLC
“Ryan Wolf was excellent! He was professional and great with communication (he even kept tabs on us while on vacation!) We had not purchased a home in over 30 years and he offered advice and guidance throughout the whole process. I'd highly recommend Ryan to anyone looking for a home!”

Julee Farnsworth-Ritz · Bismarck, ND

Photo of Ryan Wolf
Century 21 Morrison Realty
“Trenille was great to work with. She was very knowledgable and paid attention to detail. She made buying a new house easy.”

Jaime · Laramie, WY

Photo of Trenille Young
Century 21 Bell Real Estate
“Lynne has been really great to work with. Her response time to questions and her availability are both impressive. You know you can always expect a quick response. Without hesitation I would recommend her to anyone I know who is seeking a realtor!”

C Coons · Regina, SK

Photo of Lynne Bobyck
Century 21 Dome Realty Inc.
“None better!!! This was a long distance move so all transactions were between Patty and myself in Alaska. Without having to step foot in any of the properties, she helped my family members go through the homes under consideration and it was completly flawless on her part. Should I need another realtor she will be the one I trust and call. Thank you again Patty”

Bill Mathis · Elkhart, IN

Photo of Patty Miller
Century 21 Circle
“The home-buying process seemed so intimidating, but once we started working with Aundrea Hartzog, all our worries disappeared. The time, attention to detail, and dedication she showed throughout the entire process were incredible. She made everything so easy, and whenever we had questions, she responded quickly and with exceptional knowledge. We could not have asked for a better realtor and would recommend her time and time again to anyone looking to buy or sell a home. The friendly and calming demeanor she brought to every step of the process was a tremendous help to my wife and me. She left no stone unturned, taking the time to explain everything in a way that we could truly understand. That level of commitment, communication, and professionalism cannot be overstated. Aundrea went above and beyond for us, and we could not be happier with how everything turned out.”

Cody Leverett · Montgomery, TX

Photo of The Rickey Chavez Team
Better Homes & Gardens Real Estate Gary Greene
“Dusti was amazing to work with and I would recommend everyone work with her!”

Clayton Backhaus · Bismarck, ND

Photo of Dusti Schirado
Century 21 Morrison Realty
“Mike is an excellent realtor. He's on time, very patient and knowledgeable. He's very good in negotiating and make sure his clients get what they're looking for.”

Noah Bab · Cincinnati, OH

Photo of Michael Teggart
Comey & Shepherd Realtors
“She's making very good good job with me”

Eveline Augustin · Boston, MA

Photo of Betty Mosley
Keller Williams realty
“Tammy did an outstanding job selling our home and provided exellent guidance throughout the process. Any and all of our questions were answered promptly. I would recommend Tammy to anyone selling or buying a home on or off Amelia Island!”

Peter Smadu · Fernandina Beach, FL

Photo of Tammy Tingle
Century 21 Miller Elite
“Natasha's patience, commitment, communication, and drive, to make sure I found a home I would love and feel safe is the biggest attributes. I worked with Natasha to find a house for over a year. during this time, I never once felt like a burden or felt like she was giving up on me at all, she yet made me feel like I still was one of her most important clients and that I was still being prioritized. I am extremely grateful for all of Natasha's hard work and I would recommend her to everyone who is looking to buy a house.”

Kennedy Hodges · Warren, MI

Photo of Natasha Richards
Bellabay Realty Tri-Counties
“This the second purchase we've made with Chris and again are extremely happy with Chris and the outcome. First time selling a home and Chris made the process easy and helped with any questions or concerns we had through the process. Definitely will use Chris in the future!”

Evan · Jefferson City, MO

Photo of Chris Smith
Century 21 Community
“Carrie was professional yet very personable and easy to work with. She responded quickly and made the entire selling and closing experience painless. Thanks!”

Jeff and Kim · Beckley, WV

Photo of Carrie Pannell
eXp Realty
“Mrs Jodi Rupert service was exceptional!! She was truly on top of everything, she understood the assignment!!! She is the best realtor ever! She's the G.O.A.T! (Hands down, praises up 🙏🏽) Thank you for your time and service. Truly, The Bentley”

Timothy Bentley · Detroit, MI

Photo of Jodi  M Rupert
EXP Realty
“Debbie not only helped us find exactly what we were looking for, and where, but she helped us set up the sale of our previous house, and helped us negotiate consecutive closing dates as well as a possession maintenance period of our previous house in order to make our move easier. Having now worked with her on a sale and a purchase, plus her having done wonders for other family members, we would recommend her to anyone looking to purchase a home.”

Robert Pervere · Coinjock, NC

DM
The Real Estate Group
“Miss Boone was awesome, provided me with help all the way through the end of the deal. Communication was too notch!!!! Recommend 💯%”

Leonard McLeggon · Columbus, GA

Photo of Kaylyn Boone
eXp Realty

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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