“Erin Evans was very professional. I appreciated her straight forward communication and knowledge of the local areas. The purchase of my condo was fast and painless.”
Century 21 Island Homes
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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 August 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. *
Latest Rolling 3-Month Snapshot
May 1, 2026 - Jul 31, 2026
Median sale price
$369K
-0.1%
from
Q2 '26
Median list price
$312K
-43%
from
Q2 '26
Active listings
9
+29%
from
Q2 '26
Homes sold
1
No change
from
Q2 '26
New pendings
1
No change
from
Q2 '26
New listings
4
+100%
from
Q2 '26
Quarterly Pricing Trends for Madrid
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Madrid
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Madrid
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Inventory and Sales Activity for Madrid
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Madrid
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Madrid
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
90
Buyer’s Market
Seller’s Market
Buyer’s Market
0
20
40
60
80
100
0
25
50
75
100
Market gauge is calculated using active listings and pending sales from the most recently available reporting period (May 2026 - Jul 2026).
Madrid is currently tilted strongly toward buyers, with a market gauge reading of 90. Months of supply is very high at 22.4, signaling that inventory is far outpacing recent sales. Homes are also taking time to sell, with a median of 64 days on the market in this rolling three-month window.
Looking at prices, the typical home value over the latest rolling three-month period is about $369,000, up roughly 15% from a year ago. In contrast, the median list price is down about 22% year over year, suggesting sellers have been cutting asking prices even as underlying values trend upward. Inventory has expanded sharply, with active listings up around 82% compared with last year, while homes sold are down about 50%, pointing to weaker closed-sale activity. New listings rose about 35% year over year, adding further to the supply side of the market.
Negotiation dynamics currently favor buyers, as the average sale-to-list price ratio is just under 95% and no recent sales closed above the asking price in this period. Despite the buyer-leaning conditions, low sales volume means sellers must price carefully and be patient while buyers can take more time to compare options and negotiate. Agent Pronto can connect both buyers and sellers in Madrid with a local real estate agent who understands these trends and can guide them through this shifting market.
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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“Leslie was absolutely amazing. She treated us like family, she took all of our needs and made sure they were met when choosing a home. She made every part of the buying process seemless and easy.”
Century 21 Judge Fite Co
“She's great. Professional and gets the job done. A family friend forever. Thanks”
MORE REALTY
“I can’t say enough wonderful things about Beth! She truly went above and beyond for us throughout the entire process of selling our home. She was knowledgeable, responsive, patient, and always there to answer our questions and keep us updated every step of the way. Selling a home can be stressful, but Beth made the entire process so much easier and always made us feel like we were in good hands. Her hard work, dedication, and attention to detail did not go unnoticed. We are so grateful for everything Beth did to help us get our home sold and make this next chapter possible. I would absolutely recommend her to anyone looking to buy or sell a home. We couldn’t have asked for a better agent! ❤️🏡”
Century 21 Geba Realty
“As first time home sellers, Amy Harbeck seamlessly guided us through an unfamiliar process. Her local market knowledge, attention to detail, patience and problem-solving expertise was evident from our first meeting. Amy was spot on with pricing our home and we had an offer above asking within 8 days. She certainly lived up to all the glowing reviews.”
Kinlin Grover Compass
“Kristin is a very responsive and knowledgeable realtor who listens to your needs and plans accordingly. She keeps everything moving along in a timely fashion, while informing her client every step of the way. Kristin was the perfect realtor for me!”
Century 21 Morrison Realty
“Lauralyn is personable and diligent in her work. She does over and above what most realtors will do to make a property marketable.”
Table Mountain Realty, Inc.
“Where do I even begin? Tony was an absolute rockstar! He helped me purchase my first home from 2800 miles away - sight unseen. You may think I'm crazy for doing that, but it's due to Tony's competency as a realtor. The way he virtually showed me homes was excellent - as if I were there. He commonly pointed out potential issues and things to think about. Everything from custom wood encased windows that would eventually leak to where the gutters drain and the impact on asphalt over time. He didn't tell me what to do or make me feel less than for moving forwsrd with an offer on properites with issues - it was merely to know and understand any potential risks. When I was particularly down after multiple losses on offers, he said not to worry, we'd find my home - AND WE DID!!!!!!! I am so excited to have purchased my dream home. If I were to know someone who needed to buy a home in the area or from afar, I would hands down recommend Tony! Thanks so much Tony.”
Jason Mitchell Group
“Lynn has been fantastic from the first phone call to closing day. The moment we met her we knew we would find the perfect home. She listened to what we wanted, answered every ridiculous question we came up with, pointed out things we probably would have missed, and never made us feel pressured to settle. When things got stressful, she was there. When we found a house we loved, she helped us navigate the process. And when a house wasn’t right for us, she was honest about it instead of just trying to make a sale. Most importantly, we always felt like Lynn was in our corner. That made a huge difference during what can be a pretty overwhelming process. We’re incredibly grateful for all the time, effort, and patience Lynn put into helping our family find our new home. If you’re looking to buy or sell, we couldn’t recommend Lynn more highly.”
RE/MAX Executives
“We are very happy and satisfied with the service Erika and Carlos have provided. They are knowledgeable, professional and have made the home buying process so smooth and stress-free. They were always accessible and thoroughly answered all questions we had. They are thrusworthy and I definitely recommend working with them!”
Century 21 Peak
“We worked with Andrew McCatty and he could not have made the process smoother! He was very responsive, prepared, and showcased the house spectacularly - we had an offer in 4 days! Andrew worked with Mike to put together the listing and it was excellent. We had an independent appraisal done before we chose the McCattys and we are so glad we got a second opinion. I cannot recommend them enough!”
Century 21 Circle
“Chris was absolutely fantastic throughout our entire home buying process. He was knowledgeable, responsive, patient, and always willing to answer our questions or help us work through any concerns we had. Buying our first home was stressful at times, but Chris made the process much easier and always made us feel like we were in good hands. He genuinely cared about helping us find the right home and went above and beyond to make sure everything came together. We couldn’t be happier with our experience and would highly recommend Chris Smith to anyone looking to buy or sell a home. We’re extremely grateful to have had him as our realtor!”
Century 21 Community
“Our second home with Daryl caring for the sale. We have great comfort that he cared for our needs and managed the tough parts of the transaction on our behalf. He allowed us to focus on our move here from out of state. Highly recommend him!”
Advantage Austin Properties Inc
“April Hugh was wonderful to work with. I was a first-time homebuyer, and her knowledge and expertise were crucial throughout the process. She explained every step clearly and helped me understand my options. Overall, she made the whole complex process feel manageable.”
Century 21 Hometown Realty
“This is the third purchase that we asked Amy Hullet to help us with because of her expertise and integrety. It was a 'no-brainer' to choose Amy Hullet. Amy Hullet commumicated with the seller for us which made the purchase as smooth as possible in what can be a stressful experience. Amy Hullet is awesome (and fun, too)!!”
Century 21 Morrison
“I came into town for just over 24 hours. Lili had plenty of homes ready for me to look at. Included was the perfect home for us. I wrote the offer on my way to the airport and lily made it all easy from there.”
Soundings
“Working with Tracy gave me peace and confidence when I was doubtful and unsure. Her professionalism reassured me that I was heading in the right direction. She listened about my requirements and I was impressed when she remembered.”
Century 21 United
“From start to finish, So Yong has been there every step away. Her guidance, expertise, and attention to detail was crucial to help me sell my house when the time was right. She advised me on repairs, staging, and most of all pricing. She has definitely went above and beyond! It has been a pleasure working with her!”
Century 21 Premier Realtors
“Working with Chantelle Souther was an absolute pleasure from start to finish! She brought a wealth of local market knowledge, professionalism, and dedication to the table that made the entire process seamless. Chantelle was incredibly responsive, always keeping me informed and patiently answering every question I had. Thanks to her sharp negotiation skills, I got an amazing deal. If you are looking for a trustworthy, hardworking, and highly skilled real estate professional, I cannot recommend Chantelle highly enough!"”
Century 21 Price Right
“Mr.Gonzalez is very Professional and Honest, He is punctual and very organized. He was on point with everything I ask for pertaining to what i was looking for in the property he found for me. I am glad I found this Realator,I will be recommending him to everyone.”
RESF
Frequently Asked Questions
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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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Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
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We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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No. Agent Pronto is a free service for home buyers and sellers and you are under no obligation to work with our recommended agents. Find your Madrid Realtor® or real estate agent today.
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