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Madrid shopsPhoto: Cathy from USA · CC BY-SA 2.0
Housing in Madrid

6 homes sold in Madrid in the last year, at a typical $341K

Almost every sale is a house. Below: a shortcut to every site where Madrid homes are listed.

Homes sold
6
March 2025 to February 2026
Typical sale price
$341K
median, weighted by sales
Price per square foot
$275
New Mexico $219
Paid vs. asking
91%
0% sold over asking
For sale now
2
February 2026 · 1 sold that month
Before you buy in Madrid

Two things worth knowing

Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Madrid, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Madrid. People who follow the town see it, and so do people comparing Madrid with their own town. No commission, no listing fee.

Questions about buying a home in Madrid

What do homes sell for in Madrid, NM?

6 homes sold in the year to February 2026 at a typical $341K, $275 a square foot.

Is Madrid a buyer’s or seller’s market?

A seller’s market: 2 homes were for sale in February 2026 and 1 sold, about 2 months of supply. Buyers paid 91% of asking on average, and 55% of listings cut their price.

Where can I see homes for sale in Madrid?

Zillow, Redfin, Realtor.com and Homes.com all carry Madrid’s MLS listings; the search links above open each one filtered to Madrid.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).